🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Ukraine and Russia: What you need to know right now

Published 02/24/2022, 01:27 AM
Updated 03/04/2022, 03:48 PM
© Reuters. General view of Kyiv after Russian President Vladimir Putin authorized a military operation in eastern Ukraine, February 24, 2022. REUTERS/Umit Bektas
MSFT
-
CABGY
-

(Reuters) - Russian forces seized Europe's biggest nuclear power plant in southeastern Ukraine in heavy fighting but a huge blaze on the site was put out. Russian forces also bombarded Ukraine's capital Kyiv and surrounded several other cities.

* No damage to reactors

The Zaporozhzhia nuclear plant was undamaged by what U.N. nuclear chief Rafael Grossi said he believed was a Russian projectile. Moscow blamed Ukrainian saboteurs for the attack.

* Ukraine says Russians driven from port city

Ukrainians have driven invading Russian forces out of Mykolayiv but fighting continues on the city outskirts, the governor of the Black Sea port said.

* City of Mariupol has no water, heating

The eastern Black Sea port of Mariupol is without water and heating and food is scarce, its mayor Vadym Boychenko said, appealing for military help. "We are simply being destroyed."

* Civilian casualties mounting

At least 331 civilians are confirmed killed and 675 injured in Ukraine since Russia's invasion began on Feb. 24, but the real toll is likely much higher, the U.N. human rights office said.

* No to no-fly zones over Ukraine

NATO allies rejected Ukraine's demand for no-fly zones, saying that would lead to an even more brutal war, but EU countries said they were weighing more sanctions on Russia.

* Scholz to Putin: Stop the war now

German Chancellor Olaf Scholz told Russia's President Vladimir Putin to halt military operations in Ukraine immediately during a phone call. Putin said Ukraine must meet Russia's demands, Interfax news agency reported.

* Russia targets foreign news websites

Russia's communications watchdog restricted access to several foreign news organisations' websites including the BBC for spreading "false information".

*INSIGHT-Russians, Ukrainians seek asylum at US-Mexico border

A growing number of Russians and Ukrainians are traveling to Mexico, buying throwaway cars and driving across the border into the United States to seek asylum.

* SANCTIONS

Microsoft Corp (NASDAQ:MSFT) is suspending new sales of its products and services in Ukraine, it said. French luxury group Hermes said it would temporarily shut its stores in Russia. Danish brewer Carlsberg (OTC:CABGY) said it would halt new investments in Russia and suspend beer exports.

* QUOTES

Kremlin calls for Russian national unity

"Now is not the time to divide, now is the time for all to unite, be together, and unite of course around our president," Kremlin spokesman Dmitry Peskov told reporters.

Putin foe urges worldwide protests

"Show the world that Russians don't want war. Come out in the squares of Berlin, New York, Amsterdam or Melbourne, wherever you are. Now we are all responsible for Russia's future," jailed Kremlin critic Alexei Navalny said in a post.

© Reuters. Firefighters walk on debris as a building burns following a Russian strike during Russia's invasion of Ukraine, in Zhytomyr, Ukraine, March 1, 2022 in this still image taken from video. State Emergency Service of Ukraine/via Reuters TV/Handout via REUTERS

*MARKETS: Investors run for cover

Stocks sank to one-year lows in Europe and bonds, commodities and crude rallied as investors ran for cover in the face of escalating war. The rouble slipped back towards record lows.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.