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Ukraine declares state of emergency as tensions rise

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EU leaders to hold emergency summit and impose sanctions on all Russia legislators who voted to recognise separatist regions

A woman crosses the contact line between pro-Moscow rebels and Ukrainian troops in the settlement of Stanytsia Luhanska, Ukraine, on February 23 2022. Picture: REUTERS/GLEB GARANICH

The uncertainty has roiled financial markets but oil prices eased on Wednesday, global stocks broke a four-day slide and demand for safe-haven assets waned as Western leaders and Ukraine awaited Putin’s next move. On Wednesday, it took down flags from its embassy in Kyiv, having ordered its diplomats to evacuate for safety reasons.

The steps follow measures announced on Tuesday, including freezing the approval of a new Russian gas pipeline by Germany, and imposing new US sanctions on Russian banks. New satellite imagery showed several fresh troop and equipment deployments in western Russia and more than 100 vehicles at a small airfield in southern Belarus, which borders Ukraine, according to US firm Maxar.

 

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