Commentary As expected, the European Union (EU), like Australia, the United Kingdom and the United States, has imposed draconian sanctions on the Russian Federation to punish it for invading Ukraine. The sanctions, which cover the fields of finance, energy, transport, technology, and visa policy which targets Russian oligarchs, but not ordinary Russian citizens will have the…

SINGAPORE/HONG KONG—Global stocks tumbled while safe-havens rallied and oil surged on Tuesday as Europe’s eastern flank stood on the brink of war after Russian President Vladimir Putin ordered troops into breakaway regions of eastern Ukraine. MSCI’s broadest index of Asia Pacific shares outside Japan was on course for its worst day for this month, off…

U.S. Deputy Secretary of State Wendy Sherman and Russian Deputy Foreign Minister Sergei Ryabkov will lead security talks between the two nations in Geneva on Jan. 10 as international pressure mounts on Russia to de-escalate tensions along the Ukraine border. On Thursday, President Joe Biden and President Vladimir Putin, held a telephone conversation, based on…