Zürcher Nachrichten - Russia faces massive sanctions as Putin orders troops into east Ukraine

EUR -
AED 4.07432
AFN 78.01663
ALL 99.632925
AMD 430.126286
ANG 2.001457
AOA 1022.186539
ARS 1059.196276
AUD 1.663308
AWG 1.996668
AZN 1.883932
BAM 1.955465
BBD 2.242316
BDT 132.707257
BGN 1.955465
BHD 0.418628
BIF 3207.850243
BMD 1.10926
BND 1.442353
BOB 7.673685
BRL 6.209752
BSD 1.11051
BTN 93.30001
BWP 14.748472
BYN 3.634377
BYR 21741.493971
BZD 2.238516
CAD 1.506209
CDF 3153.625987
CHF 0.935034
CLF 0.037926
CLP 1046.500652
CNY 7.863435
CNH 7.8697
COP 4623.007715
CRC 583.300035
CUC 1.10926
CUP 29.395387
CVE 110.246106
CZK 25.053298
DJF 197.766107
DKK 7.467207
DOP 66.448612
DZD 146.879828
EGP 53.689799
ERN 16.638898
ETB 127.467555
FJD 2.461223
FKP 0.863582
GBP 0.844732
GEL 2.984006
GGP 0.863582
GHS 17.402018
GIP 0.863582
GMD 77.647656
GNF 9597.355218
GTQ 8.591528
GYD 232.35018
HKD 8.646848
HNL 27.519284
HRK 7.618496
HTG 146.624872
HUF 394.08655
IDR 17147.438647
ILS 4.134389
IMP 0.863582
INR 93.164353
IQD 1454.85067
IRR 46705.388273
ISK 152.600315
JEP 0.863582
JMD 174.370117
JOD 0.786133
JPY 157.897595
KES 142.985495
KGS 93.399463
KHR 4524.224644
KMF 493.068185
KPW 998.333818
KRW 1485.0442
KWD 0.338779
KYD 0.925441
KZT 532.538734
LAK 24532.795602
LBP 99450.656278
LKR 331.783139
LRD 216.562886
LSL 19.696224
LTL 3.275356
LVL 0.67098
LYD 5.287094
MAD 10.781952
MDL 19.323688
MGA 5045.135371
MKD 61.524456
MMK 3602.832874
MNT 3769.264471
MOP 8.914272
MRU 43.799494
MUR 50.981539
MVR 17.027215
MWK 1925.769964
MXN 22.165509
MYR 4.803648
MZN 70.853937
NAD 19.696224
NGN 1780.539744
NIO 40.882994
NOK 11.888105
NPR 149.280417
NZD 1.796518
OMR 0.426677
PAB 1.11051
PEN 4.212378
PGK 4.396247
PHP 61.829921
PKR 309.346385
PLN 4.287234
PYG 8578.529823
QAR 4.048006
RON 4.974807
RSD 117.101232
RUB 99.832891
RWF 1492.144278
SAR 4.164343
SBD 9.25991
SCR 15.236289
SDG 667.226207
SEK 11.428871
SGD 1.446138
SHP 0.863582
SLE 25.343597
SLL 23260.590126
SOS 634.691227
SRD 32.153558
STD 22959.440271
SVC 9.717335
SYP 2787.048983
SZL 19.690625
THB 37.430882
TJS 11.827473
TMT 3.893502
TND 3.371122
TOP 2.599773
TRY 37.60114
TTD 7.52671
TWD 35.541575
TZS 3020.682319
UAH 45.516299
UGX 4125.293013
USD 1.10926
UYU 44.852313
UZS 14112.581404
VEF 4018352.249427
VES 40.653143
VND 27304.432352
VUV 131.693529
WST 3.106951
XAF 655.844602
XAG 0.03972
XAU 0.000444
XCD 2.99783
XDR 0.824759
XOF 655.844602
XPF 119.331742
YER 277.702855
ZAR 19.802497
ZMK 9984.670645
ZMW 29.179999
ZWL 357.181234
  • SCS

    -0.6100

    13.23

    -4.61%

  • BCC

    -0.6600

    124.13

    -0.53%

  • NGG

    -0.3700

    67.62

    -0.55%

  • BCE

    -0.2000

    35.75

    -0.56%

  • GSK

    0.5400

    43.67

    +1.24%

  • CMSC

    0.0600

    25.02

    +0.24%

  • JRI

    0.0300

    13.12

    +0.23%

  • RIO

    -0.6800

    59.71

    -1.14%

  • BTI

    0.3200

    38.61

    +0.83%

  • RELX

    0.3100

    46.2

    +0.67%

  • RBGPF

    58.7100

    58.71

    +100%

  • AZN

    0.0500

    83.05

    +0.06%

  • CMSD

    0.1000

    25.04

    +0.4%

  • VOD

    -0.2200

    9.97

    -2.21%

  • RYCEF

    -0.0300

    6.07

    -0.49%

  • BP

    -0.4500

    31.9

    -1.41%

Russia faces massive sanctions as Putin orders troops into east Ukraine
Russia faces massive sanctions as Putin orders troops into east Ukraine

Russia faces massive sanctions as Putin orders troops into east Ukraine

Russia faced a furious global diplomatic and economic backlash Tuesday after President Vladimir Putin ordered his forces into Ukraine to secure two breakaway regions.

Text size:

Germany announced that it was halting certification of the Nord Stream 2 gas pipeline from Russia and said the European Union would adopt "robust and massive" economic sanctions.

Kyiv recalled its top diplomat from Moscow as President Volodymyr Zelensky warned Putin's recognition of the breakaway regions heralded "further military aggression" against Ukraine.

Putin's move -- which came with tens of thousands of Russian soldiers on Ukraine's borders and amid warnings of an all-out invasion -- was quickly and widely condemned by Kyiv's allies in the West.

"We strongly condemn all military and hybrid actions against Ukraine," Estonia's President Alar Karis declared after flying in to Kyiv to stand in solidarity with Zelensky.

"Indeed it is a decisive moment in European history. President Putin will answer to the future generations for his violent actions," he vowed.

- 'Robust and massive' -

But in some capitals there was debate over whether sending troops into an area that was already controlled by Russian-backed rebels amounts to the kind of all-out invasion that would justify imposing the harshest sanctions.

In a statement issued during a visit to Washington, Ukrainian Foreign Minister Dmytro Kuleba said he was working with Kyiv's friends "to impose tough sanctions against the Russian Federation."

In Moscow the lower house of the Russian parliament, the Duma, voted to approve Putin's friendship deals with the so-called Donetsk People's Republic (DNR) and Lugansk People's Republic (LNR).

This will give Putin legal cover for the deployment of forces into the rebel-held territories, but will not protect Moscow from the diplomatic consequences of his actions.

Zelensky said he would decide immediately after his talks with Karis whether to cut diplomatic ties with Moscow.

Kremlin spokesman Dmitry Peskov that if Kyiv did so, it would be "an extremely undesirable scenario that would make everything even more difficult."

And German Chancellor Olaf Scholz said that, when EU foreign ministers meet in Paris later in the day, he was confident that they would adopt a huge package of economic sanctions -- in addition to the halted pipeline.

The United States and Britain were also expected to announce sanctions within hours, as European and Russian stocks tumbled and oil prices surged over news of the recognition.

Meanwhile, in the frontline town of Shchastya, shellfire rang out around an electric power station as fearful residents awaited the Russian deployment.

A shell hit the roof of 59-year-old Valentyna Shmatkova's apartment block overnight, shattering all the windows in her two-room apartment.

"We spent the war in the basement," she said, referring to the 2014 fighting that saw the region break away from Ukraine.

"But we weren't expecting this. We never thought Ukraine and Russia wouldn't end up agreeing."

Asked what she thought of Putin's decision to recognise the republics, Shmatkova laughed: "I have no idea what's going on, we have no light, no electricity, nothing!"

Social media posts suggested Russian troops were heading to Donetsk and Lugansk after Putin issued decrees ordering them to assume "peacekeeping" functions in the territories.

Western officials were not yet describing Putin's moves as an invasion, but US officials say there is a 150,000-strong Russian force poised to launch an all-out assault.

- 'Outrageous, false claims' -

Washington took its first measures in the early hours of Tuesday, banning US persons from any financial dealings with the breakaway territories, and said more sanctions would be announced Tuesday.

But it was unclear how far the West would go, after warning repeatedly of sanctions that would do severe damage to the Russian economy in the event of an invasion.

Russian troops were already known to be inside the two rebel regions and ordering more to deploy is unlikely to be enough for the West to trigger its worst-case response.

Putin announced he was recognising the territories, which broke away from Kyiv's control in 2014, in a day of political theatre in Moscow.

After a dramatic televised meeting with his top government, military and security officials, Putin spoke to the Russian people in a 65-minute address from his Kremlin office.

In the often angry speech, Putin railed against Ukraine as a failed state and "puppet" of the West, accusing Kyiv of preparing a "blitzkrieg" to retake the separatist regions.

The move to recognise them, Putin said, was "a long overdue decision".

He was then shown signing "friendship" agreements with rebel leaders that allowed for the official deployment of Russian forces to "maintain peace" and the sharing of military bases and border protection.

Within hours the UN Security Council held an emergency meeting, where US ambassador Linda Thomas-Greenfield described as "nonsense" Putin's reference to the troops as "peacekeepers".

"We know what they really are," Thomas-Greenfield said, saying Putin's address amounted to a "series of outrageous, false claims" that were aimed at "creating a pretext for war."

Russia's ambassador to the UN Vasily Nebenzya told the meeting that Moscow was still open to a diplomatic solution.

"Allowing a new bloodbath in the Donbas is something we do not intend to do," he added, referring to the region encompassing Donetsk and Lugansk.

Moscow said Russian Foreign Minister Sergei Lavrov was still ready for talks with US Secretary of State Antony Blinken as planned for Thursday in Geneva.

On Monday there had been 84 violations, with two soldiers killed and 18 wounded.

Y.Keller--NZN