The Japan Times - Russia faces massive sanctions as Putin orders troops into east Ukraine

EUR -
AED 4.092159
AFN 72.41732
ALL 90.537215
AMD 401.457514
ANG 1.994011
AOA 1021.635888
ARS 1721.83908
AUD 1.623115
AWG 2.005391
AZN 1.898404
BAM 1.950009
BBD 2.243637
BDT 138.747943
BGN 1.94727
BHD 0.420408
BIF 3353.459968
BMD 1.114106
BND 1.427557
BOB 13.362914
BRL 6.138619
BSD 1.113992
BTN 104.56849
BWP 15.346457
BYN 3.336217
BYR 21836.483512
BZD 2.240526
CAD 1.573614
CDF 2584.727023
CHF 0.913907
CLF 0.027674
CLP 1089.184185
CNY 7.438335
CNH 7.434488
COP 3622.427511
CRC 505.208689
CUC 1.114106
CUP 26.737395
CVE 110.746505
CZK 24.329412
DJF 197.99941
DKK 7.475086
DOP 67.682396
DZD 151.946674
EGP 59.965439
ERN 16.711595
ETB 182.843775
FJD 2.524124
FKP 0.826281
GBP 0.83446
GEL 2.902292
GGP 0.826281
GHS 13.018377
GIP 0.826281
GMD 83.00521
GNF 9868.200854
GTQ 8.512719
GYD 233.546888
HKD 8.733997
HNL 29.942093
HRK 7.541397
HTG 146.006216
HUF 363.24365
IDR 20178.581925
ILS 3.549465
IMP 0.826281
INR 104.804147
IQD 1688.897966
IRR 2107168.296326
ISK 136.801543
JEP 0.826281
JMD 176.79495
JOD 0.789945
JPY 176.583068
KES 144.778542
KGS 97.42615
KHR 4545.554101
KMF 492.435375
KPW 1002.695628
KRW 1519.769162
KWD 0.346465
KYD 0.928505
KZT 499.343929
LAK 25072.962707
LBP 99768.219701
LKR 370.443199
LRD 189.736506
LSL 18.450025
LTL 3.289667
LVL 0.673912
LYD 7.164128
MAD 10.870897
MDL 19.913202
MGA 5062.148064
MKD 61.572204
MMK 2339.570801
MNT 4012.979985
MOP 8.993097
MRU 44.843201
MUR 52.396841
MVR 17.161402
MWK 1935.20303
MXN 20.761153
MYR 4.522201
MZN 71.195547
NAD 18.45002
NGN 1500.980135
NIO 40.998242
NOK 10.548821
NPR 167.309384
NZD 2.010633
OMR 0.428375
PAB 1.114066
PEN 3.835315
PGK 5.076877
PHP 70.298441
PKR 308.089797
PLN 4.391891
PYG 6962.479004
QAR 4.071615
RON 5.339025
RSD 117.620701
RUB 91.358747
RWF 1644.327333
SAR 4.183129
SBD 8.970469
SCR 15.617635
SDG 670.139036
SEK 11.028817
SGD 1.429616
SHP 0.830617
SLE 25.524589
SLL 23362.256992
SOS 636.715831
SRD 41.872019
STD 23059.751072
STN 24.427455
SVC 9.747053
SYP 14485.609783
SZL 18.450012
THB 37.409504
TJS 10.276657
TMT 3.910513
TND 3.326169
TOP 2.6825
TRY 55.877003
TTD 7.554564
TWD 36.559625
TZS 2944.029945
UAH 50.465673
UGX 4556.488485
USD 1.114106
UYU 44.816902
UZS 13292.52356
VES 995.753717
VND 28501.624462
VUV 133.150589
WST 3.095561
XAF 655.957
XAG 0.021446
XAU 0.00027400717
XCD 3.010928
XCG 2.007593
XDR 0.787731
XOF 655.957
XPF 119.331742
YER 263.124097
ZAR 18.444257
ZMK 10028.297636
ZMW 22.637194
ZWL 358.741775
SSP 6400.759238
MXV 2.335711
  • RYCEF

    0.1000

    19.81

    +0.5%

  • VOD

    -0.2500

    16.33

    -1.53%

  • CMSC

    -0.2800

    20.12

    -1.39%

  • RBGPF

    -2.0000

    65

    -3.08%

  • RIO

    -0.2500

    94.16

    -0.27%

  • BTI

    -1.2000

    54.85

    -2.19%

  • NGG

    -0.3000

    74.94

    -0.4%

  • GSK

    -0.3500

    49.35

    -0.71%

  • BCE

    -0.4200

    20.14

    -2.09%

  • CMSD

    -0.3400

    19.93

    -1.71%

  • BP

    -0.9100

    43.52

    -2.09%

  • RELX

    0.1700

    33.24

    +0.51%

  • BCC

    -0.6200

    75.97

    -0.82%

  • AZN

    -1.9400

    164.21

    -1.18%

  • JRI

    0.0000

    10.77

    0%

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.

K.Nakajima--JT