Tensions tighten further in Ukraine, sending equity futures and bitcoin lower. SteveAlpher reports.
Russian President Vladimir Putin signed decrees recognizing the independence of the Donetsk People's Republic and Luhansk People's Republic, both of which are located in eastern Ukraine's Donbas region.
The White House responded by promising an executive order banning U.S. citizens from engaging in investment, trade, and finance with the so-called DNR and LNR. The Biden Administration further warned that these measures are but a warm-up for sanctions planned in conjunction with allies in the event of further Russian escalation.
European Commission President Ursula von der Leyen calls the Russian action a"blatant violation of international law, the territorial integrity of Ukraine, and the Minsk agreements." U.S. markets are closed for the holiday, but futures are trading and sunk to session lows following the news, with the Nasdaq 100 down 1.9% and the S&P 500 off 1.25%. Bitcoin had managed to climb over $39,000 after dropping to a three-week low of $37,200 early Monday morning, but has now dipped back to $38,200.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PlayStation Insider Shares God of War: Ragnarok Release Date UpdateGod of Warr: Ragnarok is scheduled to release this year via the PS4 and PS5, but there's still no [...]
Read more »
Bloodborne Insider Shares Update on Rumored Sequel Ahead of Elden RingAccording to a new rumor, Bloodborne 2 isn't happening and the first game isn't coming to PS5 or PC.
Read more »
UPDATE: Motorcyclist Killed in Fatal Oakland Crash That Shut Down I-880 IdentifiedThe California Highway Patrol has identified the victim of a fatal collision on northbound Interstate Highway 880 early Sunday as a 34-year-old San Francisco man.
Read more »
Yuri on Ice Has Finally Shared a Big Movie UpdateYuri on Ice was the biggest thing in anime when the series went live in 2016. MAPPA left the [...]
Read more »