If Western sanctions lead to Russia’s oil exports being completely cut off, the world can expect the international energy market to collapse, a senior figure at the US rating agency Fitch said on Tuesday.
Europeans will soon have to pay €2,000 ($2,200) per thousand cubic meters of natural gas, former Russian president and current deputy chairman of the Security Council Dmitry Medvedev tweeted on Tuesday. The warning comes after Germany ordered a halt to Nord Stream 2 gas pipeline certification.
On Tuesday the ten Defense Ministers of the Joint Expeditionary Force (JEF) met at Belvoir Castle in England with UK Minister Ben Wallace as host, together with Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, the Netherlands, Norway and Sweden made a statement on the Ukraine situation.
The Council of the Russian Federation voted unanimously Tuesday to ratify President Vladimir Putin's decree recognizing the independence of the rogue Ukrainian provinces of Donetsk and Lugansk as well as the agreements on friendship, cooperation, and mutual assistance signed with the new self-proclaimed people's republics.
Western powers have started imposing sanctions on Russia for its unilateral decision to move into the rogue Ukrainian provinces of Donetsk and Lugansk in the Donbass region, which have now proclaimed themselves as independent republics (DPR and LPR) with friendship agreements with Moscow which include dual citizenship, mutual defense, and a unified currency.
“China hopes all parties will pursue dialogue and consultation to find a solution that is truly conducive to safeguarding the security of Europe”, replied Beijing's Foreign Ministry Spokesperson Wang Wenbin when asked about China's position regarding the situation concerning Ukraine following on Russian president's Vladimir Putin to recognize Donetsk and Luhansk regions as independent from Ukraine.
Some of the first consequences of the Ukraine conflict? Belarus, a close ally of Russia's Vladimir Putin, has announced that the Belarus Potash Corporation, BPC, will no longer abide by some contracts following sanctions imposed by the United States and other countries.
Russia's invasion of Ukraine has officially started after President Vladimir Putin signed a decree recognizing the independence of the rogue provinces of Donetsk and Lugansk.
United Nations Secretary-General António Guterres on Monday called out Russian President Vladimir Putin’s decision to recognize certain areas of the Donetsk and Luhansk regions of Ukraine as independent as “a violation of the territorial integrity and sovereignty of Ukraine” in a statement read by his spokesperson.
US President Joseph Biden Monday said he would agree to hold a meeting with his Russian counterpart Vladimir Putin, who has also accepted the proposal submitted by France's leader Emmanuel Macron as the last diplomatic efforts are undertaken to avoid an all-out war over Ukraine.