Equity markets plunged while oil and haven assets rallied Tuesday after Russia’s Vladimir Putin ordered troops into two separatist regions in eastern Ukraine, ramping up geopolitical tensions and fears of a conflict.
Investors were sent running after Putin recognised the independence of two rebel-held areas of Donetsk and Lugansk and sent in “peacekeeping” forces.
The move came hours after the Kremlin appeared to pour cold water on a potential summit with US President Joe Biden and led to condemnation from world leaders and warnings Moscow would be hit with a series of sanctions.
Biden, France’s…
