The threat of a full-scale war has increased fears of shortages in the near future, driving prices up. The ton of soybeans rose 2.4% and closed at US$ 615.45, while corn grew 1.3% to close at US$ 269.19 and wheat climbed 3.6% and to reach US$ 321.87, it was reported.
Foreign Secretary Elizabeth Truss wrote for The Times a column stating the UK stands with Ukraine in defense of its right to decide its future.
The Government of Uruguay has condemned the latest event in eastern Ukraine because they “put regional stability at risk” in addition to violating “the principles of the Charter of the United Nations.”
Former US President Donald Trump Tuesday said Vladimir Putin's strategy in the Ukrainian case has been a “savvy” way around things, the doings of a “genius.” Trump expressed in a radio interview he thought what Putin had done was “smart.”
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.
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.