U.S. stocks further trimmed losses on Tuesday afternoon after U.S. President Joe Biden commented on Ukraine, including announcing the first wave of sanctions against Russia for what he said was the beginning of an invasion of Ukraine.
Biden also said he was hopeful diplomacy is still available, adding that the United States had no intention of fighting Russia. He said the sanctions, among others things, target Russian banks and sovereign debt.
"The world is still hoping this is somewhat limited and doesn't really spread across Europe and Ukraine," said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia.Earlier on Tuesday, NATO Secretary-General Jens Stoltenberg said that the alliance believed Russia was still planning a big assault on Ukraine following Moscow's recognition of two separatist regions in the former Soviet republic's east.
Britain published a list of sanctions and Germany froze the Nord Stream 2 Baltic Sea gas pipeline project, which would have significantly increased the flow of Russian gas.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden may meet with Putin this week if Ukraine hasn't been invaded, White House saysPresident Joe Biden may meet with Russian President Vladimir Putin later this week, following a meeting of their foreign ministers, if an attack on Ukraine has not occurred by then, the White House announced late Sunday.
Read more »
Russia-Ukraine live updates: Biden, Putin agree to summit later this weekPres. Biden and Russian Pres. Putin have agreed to a summit 'in principle,' with one major condition: that Russia does not invade Ukraine.
Read more »
Biden agrees in principle to Ukraine summit with PutinU.S. President Joe Biden and Russian President Vladimir Putin have agreed in principle to a summit over Ukraine, U.S. and French leaders said, offering a possible path out from one of the most dangerous European crises in decades.
Read more »
Biden-Putin meeting discussed as Ukraine war fears loomThe U.S. and Russian presidents have tentatively agreed to meet in a last-ditch diplomatic effort to stave off Moscow's invasion of Ukraine as heavy shelling continued Monday in a conflict in eastern Ukraine that is feared will spark the Russian offensive.
Read more »
Biden-Putin meeting discussed as Ukraine war fears loomMOSCOW (AP) — The U.S. and Russian presidents have tentatively agreed to meet in a last-ditch diplomatic effort to stave off Moscow's invasion of Ukraine as heavy shelling continued Monday in a conflict in eastern Ukraine that is feared will spark the Russian offensive.
Read more »
Biden agrees 'in principle' to summit with Putin if Ukraine is not invadedWhite House Press Secretary Jen Psaki said the summit between President Biden and his Russian counterpart, Vladimir Putin, would probably follow a meeting later this week by the two countries’ top diplomats, Antony J. Blinken and Sergei Lavrov.
Read more »