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Putin recognized the independence of Donetsk and Luhansk republics.
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Russian RTS plunged 13.21% yesterday amid looming risk of sanctions
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United States said that it will announce fresh sanctions on Russia together with allies
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According to media reports, Russian army has already moved into separatists' republics
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Russia plans to set up military bases in new republics and will acknowledge separatists' claims to more land
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Ukraine says that regardless of what Russia says, it's borders are unchanged
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S&P 500 dropped 0.72%, Dow Jones moved 0.68% lower and Nasdaq declined 1.23%.
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Asia indices also moved lower. Nikkei dropped 1.71%, S&P/ASX 200 moved 1.0% lower and Kospi dropped 1.35%. Indices from China traded 1-3% lower
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DAX futures point to a lower opening of the European trading session
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Goldman Sachs sees a possibility of a 6% drop in US stocks in case of a outright conflict in Ukraine
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According to Japanese media, Japan will join United States in chip sanctions against Russia
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Oil is adding to yesterday's gains and trades higher on the day. Brent approaches $95 area
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Precious metals trade higher. Gold trades above $1,900 while silver breaches $24 per ounce
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Cryptocurrencies are taking a hit amid increase in risk aversion. Bitcoin drops 2% and trades below $37,000
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NZD and AUD are the best performing major currencies while GBP and CHF lag the most
The Russian RTS index (RUS50) plunged 13% yesterday and reached the lowest level since November 2020. Index may experience even more weakness soon when the West announces sanctions against Russia for recognizing separatist republics. Source: xStation5