Fears have grown across world markets about a major war in eastern Europe.
HONG KONG: Oil prices broke past $100 and safe havens surged while equities tumbled Thursday after Russian President Vladimir Putin announced a “military operation” in Ukraine, accelerating fears of a major war.
Markets have been hammered this week after the Kremlin recognised two breakaway regions in eastern Ukraine and said it would provide “peacekeepers” to the regions, leading to warnings of a conflagration.
The Russian president said in a surprise statement on television: “I have made the decision of a military operation.”
He also vowed retaliation against anyone who interfered and called on the Ukraine military to lay down its arms.
There were later reports of explosions in Kyiv as well as other parts of Ukraine with Moscow…
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