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Russia is edging closer to war. President vladimir puden is endorsing russian back separatists who claim the entire dombas region of eastern ukrane. western powers are pushing back, both with sanctions and by suspending the north stream to pipe line project. But can germany kick its russian gas habit? Its industry has really become addicted to relatively cheap russian gas. Plus, are russian markets holding up through all this? Unsurprisingly, not so great.

Western powers impose sanctions on Russia as Biden says Ukraine ‘invasion’ has begun, and Russian assets are set to bear the brunt of the Ukraine conflict. Plus, the FT’s Berlin bureau chief, Guy Chazan, explains what freezing the Nord Stream 2 pipeline project means for Germany.

Mentioned in this podcast:

Biden imposes wave of sanctions on Russia for Ukraine ‘invasion’

Russian stocks sell off on mounting sanctions risks

Putin backs separatist claims to whole Donbas region of Ukraine

The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

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