Russia-Ukraine live updates: Kremlin warns Americans will face financial ‘consequences’ of U.S. sanctions

4 yıl önce

Russia warned that Americans will fully feel the “consequences” of U.S. sanctions on the Kremlin after it deployed troops into two pro-Moscow separatist regions of eastern Ukraine.

The West is bracing for Russia to retaliate against the measures, which Moscow said would hurt global financial and energy markets. President Biden acknowledged the crisis could lead to higher gasoline prices, while U.S. businesses have been warned to prepare for possible cyber attacks.

European and Japanese officials have also expressed concerns about Moscow restricting energy and chipmaking supplies. A senior Russian official on Tuesday warned that Germany, which has halted a major pipeline project with Moscow, would “very soon” be paying more than double for natural gas.

Despite the possible repercussions, Biden has pledged more sanctions if Russia further invades Ukraine.

Here’s what to know

Ukrainian President Volodymyr Zelensky announced Tuesday night that he was calling up the country’s military reservists after Russian lawmakers voted to give President Vladimir Putin the authority to send troops into eastern Ukraine.Secretary of State Antony Blinken on Tuesday canceled a meeting with Russian Foreign Minister Sergei Lavrov scheduled for later in the week, saying the Kremlin’s moves against Ukraine demonstrated that it is not “serious” about diplomacy.Russia has cautioned Ukraine against cutting off diplomatic ties after Zelensky said Tuesday he was weighing a request from his foreign ministry to sever relations after Moscow decided to recognize two breakaway areas of eastern Ukraine.