US equity futures and Asian shares declined while safe haven demand lifted US Treasuries
The United States said Friday it would impose sanctions on Russian President Vladimir Putin and Foreign Minister Sergei Lavrov, following similar announcements by Britain and the European Union in the wake of Moscow’s attack on Ukraine.
White House press secretary Jen Psaki said that a travel ban would be part of the sanctions.
Following the spate of measures, Russian foreign ministry spokeswoman Maria Zakharova said on Russian television that “we have reached the line after which the point of no return begins.”
The United States’ new measures come in addition to those it already announced, including a tranche of sanctions that will hit four Russian banks, cut off more than half of Russia’s technology imports, and target several of the country’s oligarchs.
White House press secretary Jen Psaki additionally announced Friday on Twitter that sanctions would be imposed on the Russian Direct Investment Fund, the country’s sovereign wealth fund.
Meanwhile in Brussels, the EU’s sanctions package — the second adopted this week as Russia’s military build-up moved into a full-on assault — was approved by leaders in an overnight summit.
It hammers Russia’s financial, energy and transport sectors, and curbs the ability of Russians to keep large amounts of cash in EU banks.
It also expands the number of Russians on the EU’s list of sanctioned individuals barred from entry and whose EU assets are blocked.
Following suit, Britain’s Treasury issued a financial sanctions notice against Putin and Lavrov, adding them to a list of Russian oligarchs who have already had their property and bank accounts in Britain frozen.
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In addition to the sanctions, Psaki said that any moves by Russia “going after” Ukrainian President Volodymyr Zelensky, who alongside key aides has vowed to stay and defend Kyiv, would be a “horrific act.”
Putin has called on the Ukrainian army to overthrow the government whose leaders he describes as “terrorists” and “a gang of drug addicts and neo-Nazis.”
Putin and Lavrov join a list of figures sanctioned by the United States which includes Iranian supreme leader Ayatollah Ali Khamenei, Venezuelan President Nicolas Maduro, North Korean dictator Kim Jong Un and Syrian President Bashar al-Assad.
US equity futures and Asian shares declined while safe haven demand lifted US Treasuries
Passengers reaching their final destination without their baggage should contact the airport airline representative or contact their airline call centre, DXB said
Spot gold was trading at $2,384.14 per ounce at 9.25 am UAE time, up 0.17 per cent
Passengers already in Dubai and in transit will continue to be processed for their flights, the airlines said
The airline also suspended flights to Iran amid reports of an Israeli strike
Expect fair to partly cloudy conditions today with chances of fog and mist formation in some areas
Iran fired air defense batteries after reports of explosions near a major airbase at the city of Isfahan
Other requests include residents seeking assistance with cleaning mud accumulation, restoring damaged furniture