Brent had gained 28% in the previous six days of trading, and the Relative Strength Index, a momentum indicator, suggested the market was due for a selloff
Oil also fell as the head of the IEA described the agency's decision to release 60 million barrels of oil from strategic reserves as 'an initial response' and said that more could be released
Moscow wants a written US guarantee that its trade, investment & military-technical cooperation with Iran would not be hindered by Western sanctions
The gains followed the latest round of US sanctions on Russia's oil refining sector that raised concerns that Russian oil and gas exports could be targeted next
Biden said the US and China were engaged in a race to "win the economic competition of the 21st century, and vowed that the US was embarking on an infrastructure decade
Russia has never defaulted on sovereign hard currency debt, but reserve freeze, severed financial ties, politics pose risk ; Moscow has stopped payments on local sovereign bonds already
To curb the spread of misinformation and disrupt disinformation campaigns online, Google has "blocked YouTube channels connected to Russia Today and Sputnik across Europe"
Addressing UNHCR, US Secretary of State says, 'We must send a resolute and unified message that President Putin should unconditionally stop this"
Biden intends to use the annual speech to stress the importance of countering Putin and push his domestic economic agenda
Some oligarchs have also obtained dual citizenship in Britain and other Western countries, adding legal complications to attempts to unilaterally seize their assets
SWIFT is a global cooperative of financial institutions that began in 1973
It is understood that India and the United States are not on the same page on the Ukrainian crisis
Russian President Vladimir Putin called on Tuesday for international recognition of Crimea as part of Russia, an end to Ukraine's NATO membership bid and a halt to weapons shipments there. Putin claimed that Russia's 2014 annexation of Ukraine's Crimean Peninsula should be internationally recognised as a legitimate reflection of the local population's choice, likening it to a vote for Kosovo independence. The annexation has been widely condemned by Western powers as a breach of international law. To end the current crisis, he also called for the renunciation of Ukraine's NATO bid, saying it should assume a neutral status, and said that the West should stop sending weapons there.
Addressing the nation on the crisis from the White House, Biden also said Putin's moves are the "beginning of a Russian invasion".
Indian-American economic advisor Daleep Singh is leading the efforts of the Biden administration to impose punitive sanctions on Russia over its actions against Ukraine. Russian President Vladimir Putin on Monday signed decrees to recognise Ukraine's regions of Donetsk and Luhansk People's Republics as independent, escalating the tension in the region and increasing fears of Moscow's invasion of Ukraine. He also ordered Russian troops into eastern Ukraine in what the Kremlin called a "peacekeeping" mission in the Moscow-backed regions. Singh, who is Deputy National Security Advisor for international economics and Deputy Director of the National Economic Council, made his second appearance in the White House Press Room in a matter of days. White House Press Secretary Jen Psaki said that he is back by popular demand given the key role Singh is playing in this Russia policy of the administration. Russia's long previewed invasion of Ukraine has begun and so too has our response. Today,
US President Joe Biden has announced a set of sweeping sanctions targeting Russia's ability to do business with the West
The S&P 500 has entered correction territory, as investors reacted to Russian President Vladimir Putin's decision to order troops to breakaway regions of Ukraine, escalating tensions and raising fears of a full-scale invasion, Market Watch reported.
According to an official document in 2020, Ukraine had a small but vibrant Indian community and there were about 18,000 Indian students studying in that country
Lloyd Austin warned Moscow could move on Ukraine at any time and he listed the kinds of military capabilities that Russia has massed and repositioned near Ukraine
US says Russian forces near Ukraine beginning to 'uncoil'; sSeparatists in East Ukraine call for military mobilisation