RUSSIA RECOGNISES UKRAINE SEPARATIST REGIONS AS INDEPENDENT STATE.

RUSSIAN PRESIDENT VLADIMIR PUTIN  HAS RECOGNISED BREAKWAY REBEL REGIONS IN UKRAINE'S EAST AS INDEPENDENT STATES, EFFECTIVELY ENDING PEACE TALKS THERE.

THE SELF-DECLARED PEOPLE'S REPUBLICS OF DONETSK AND LUHANSK ARE  HOMES TO RUSSIA BEACKED REBELS WHO HAVE FIGHTING FORCES SINCE 2014.

RUSSIA REPEATS HISTORY AGAIN.

RUSSIA HAS ACTUALLY DONE THIS IN THE PAST WITH GEORGIA.

SOUTH OSSETIA

ABKHAZIA AND SOUTH OSSETIA ARE DISPUTED IN THE CAUCASUS . THE CENTRAL GOVERNMENT OF GEORGIA CONSIDERS THE REPUBLICS UNDER MILITARY OCCUPATIONS BY RUSSIA.

THEY ARE BOTH RECOGNISED AS INDEPENDENT BY RUSSIA, VENEZUELA, NICARAGUA, NAURRU AND SYRIA. RUSSIA'S INITIAL RECOGNITION OF THE INDEPENDENT OF ABKHAZIA AND SOUTH OSSETIA OCCURED IN THE AFTERMATH OF THE RUSSO-  GEORGIAN WAR IN 2008.

IMPACT ON RUSSIAN MARKET

RISSIAN ROUBLE DIVES PAST 80 VS DOLLARS, STOCKS PLUNGE OVER 10% TO LOWEST SINCE NOV. 2020.

U.S. STANCE 

THE WHITE HOUSE SAYS PRESIDENT BIDEN IS ORDERING NEW SANCTIONS ON MOSCOW AFTER RUSSIA MOVED TO RECOGNIZE SEPARATIST EASTERN UKRAINE REGIIONS. THE SANCTIONS WILL PROHIBIT NEW INVESTMENT, TRADE AND FINANCING IN THE TWO SEPARATIST REGIONS OF UKRAINE RECOGNISED BY PUTIN. THE EUROPEAN UNION'S TOP OFFICIALS HAVE ALSO SAID THE BLOC WILL IMPOSE SANCTIONS.

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