President Biden announced fresh sanctions against Moscow. The US will block five major Russian banks and will limit Russia's ability to do business in dollars, pound and yen. However there was no mention about removing Russia from the SWIFT system. Biden has authorized the deployment of additional forces to Germany, however the US army will not fight in Ukraine. US actively considering SPR release and discussing with allies. Biden is not planning to speak with Putin, however personal sanctions against him are on the table. Earlier Russian press secretary Peskov said today that Putin was ready to talk with Zelensky if Ukraine agrees to compromise on Russia’s “red line issues” which includes the country's neutral status and removing certain weapons systems from its territory. Some experts believe that given the weak sanctions imposed on Russia by Western countries, the Ukrainian authorities may be willing to negotiate.
US100 pared early losses and is heading towards local resistance at 13825 pts. Source: xStation5
