(Reuters) – Global index supplier MSCI Inc stated on Monday it was closely monitoring developments in Ukraine and entry to the Russian fairness market within the face of potential funding sanctions amid rising issues a few potential Russian invasion.
Russia has greater than 100,000 troops massed close to the border of Ukraine. It denies Western accusations that it is planning an invasion, however says it might take unspecified “military-technical” motion until a variety of calls for are met, together with barring Kyiv from ever becoming a member of the NATO alliance.
The United States is relocating its Ukraine embassy operations from the capital Kyiv to the western metropolis of Lviv, Secretary of State Antony Blinken stated on Monday, citing a “dramatic acceleration within the buildup of Russian forces”.
Western international locations have threatened sanctions on an unprecedented scale if Russia does invade. The Group of Seven massive economies (G7) warned of “financial and monetary sanctions which can have huge and instant penalties on the Russian economic system”.
(Reporting by Dania Nadeem in Bengaluru; Editing by Shounak Dasgupta)
