Russia said Ukraine’s natural gas debt climbed to almost $2 billion and signaled supplies may be cut, ratcheting up pressure on its neighbor as they scrap over the future of the Black Sea Crimea region.
Treasuries fell, pushing yields on 10-year notes higher by the most since November, along with counterparts from developed nations, as signs the crisis in Ukraine is easing reduced demand for haven assets.
Vladimir Putin said he sees no immediate need to invade eastern Ukraine as the Obama administration prepares $1 billion in loan guarantees for the cash-strapped nation and threatens sanctions against Russia.
Japan’s Topix index climbed, led by real-estate companies, as the yen weakened today and after the gauge yesterday fell the most in more than a week as intensifying conflict in Ukraine spurred a global selloff.
Western leaders from President Barack Obama to Chancellor Angela Merkel are telling Russia not to violate Ukraine’s sovereignty. Vladimir Putin’s response as he prepares for military conflict: What about ours?
Ukraine told Russia that a military invasion would be an act of war following a vote by lawmakers in Moscow to give President Vladimir Putin the right to send troops after pro-Russian forces seized control of Crimea.