FT News Briefing Russia’s move on Ukraine triggers western sanctions
Feb 23, 2022
Western powers respond decisively as Biden declares the invasion of Ukraine has begun, leading to substantial sanctions on Russia. The implications for Russian assets and the stock market are profound, with sell-offs intensifying. Insights from a Berlin bureau chief shed light on the freezing of the Nord Stream 2 pipeline, which complicates Germany's energy strategy. The podcast also delves into NATO's moves to shield Eastern European nations amid rising hostilities, highlighting the precarious balance of power in the region.
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Russia's Actions Trigger Sanctions
- Putin sent "peacekeeping troops" to support separatists in eastern Ukraine.
- This triggered sanctions from Western powers against Russia.
Sanctions' Effectiveness Debated
- The sanctions might not deter Putin's plans in Ukraine, as officials believe he will invade fully.
- These sanctions will hurt Russia's economy but not stop Putin's ultimate decision.
NATO's Role in the Conflict
- Russia wants to keep former Soviet countries out of NATO.
- NATO is deploying more troops to Eastern European countries that border Ukraine and Russia as a deterrence.