FT News Briefing Putin orders start of ‘military operation’ in Ukraine
Feb 24, 2022
Tensions escalate as Vladimir Putin initiates a military operation in Ukraine, unleashing chaos in major cities. Experts discuss Ukraine's swift declaration of martial law and the global response. The podcast delves into the economic fallout, examining how rising energy prices and sanctions could ripple through Europe. It also highlights the urgent need for the continent to diversify energy sources amidst these geopolitical upheavals, addressing the risks to the global economy.
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Putin Orders Invasion of Ukraine
- Vladimir Putin ordered a full-scale invasion of Ukraine, causing explosions in several cities, including Kyiv.
- Brent crude oil prices surged above $100 per barrel, and stock futures declined following the invasion order.
Putin's Motives and Goals
- Putin's decision to invade Ukraine lacked a clear pretext, despite claims of Ukrainian aggression.
- His goals seem to involve dismembering Ukraine and altering its current form, based on his interpretation of historical territories.
International Response and Ukrainian Resistance
- The international community, particularly the U.S., won't intervene militarily but plans sanctions against Russia.
- Ukraine responded by closing its airspace and preparing for defense, with President Zelensky vowing resistance.