U.S. Futures tumbled Wednesday night after news emerged that Russia’s President Vladimir Putin has announced a “special military operation” in Ukraine.
As the Russia-Ukraine crisis persists, Western powers announced sanctions on Tuesday. The geopolitical scenario seems to have been taken by the global markets in their stride.
The move by Russian President Vladimir Putin to recognize two breakaway regions of Ukraine and subsequent movement of armed personnel and weapons in those areas threw the world’s markets into a state of a tizzy.
Russia’s financial markets collapsed on Monday to their lowest level in more than a year as tensions ramped up in eastern Ukraine and the Kremlin rejected plans for a face-to-face meeting between Russian President Vladimir Putin and President Joe Biden.
Two explosions rocked pro-Russian separatist-held sections of Ukraine, which U.S. President Joe Biden warned as further evidence that a Russian invasion was imminent.