imagination, no lows too low, no lies too blatant, no red lines too red to cross. what we witness might seem surreal for the democratic world, but the way we will respond will define us for generations to come. now, the united kingdom has already announced it will impose new sanctions, and a top diplomat says they will be, quote, severe and far-reaching. the british prime minister, boris johnson, adding this. this is plainly in breach of international law. it s a violation of of flagrant violation of the sovereignty and integrity of the of ukraine. it is a repudiation of the minsk process and the minsk agreements. and uh, think it s a very ill omen and a very dark sign. all right. let s get some perspective from a former-u.s. ambassador to
escalation that suggests the current risk rewards will favor lower long-end yields end quote and sure enough, it s driven up the price in gold. driven up the price in treasury bonds as investors continue to hunt and scramble to find those safe havens out there. michael, over to you. all right. kristie lu stout there in hong kong, appreciate it. thanks so much. and much more from ukraine, coming up. but first, let s take it back to rosemary in atlanta. rosemary. all right. thanks so much, michael. appreciate it. zplfrmts for more, i am joined by rana foroohar. she is a cnn global economic analyst, plus global business columnist and associate editor for the financial times. thank you so much for being with us. thanks for having me. so, russia s actions are already having an impact on global markets and oil prices. if war breaks out, the economic ramifications will extend to ukraine, to russia, and right across the world. so, let s start with what an
belongs to. now, ukraine s president addressed the nation earlier and insisted, quote, we don t owe anything to anyone and we will not give anything to anyone. and he thanked the ukrainian people for keeping their cool. translator: we have been prepared for a long time for any scenario. but there is no reason for your sleepless nights. meanwhile, the russian president has accused authorities in kyiv of carrying out what he called punitive operations two of them in donetsk and luhansk. those are the russian-backed separatist areas in light red on your screen there. and russia s u.n. envoy says they will not allow a bloodbath. ukrainian authorities deny any attack. but vladimir putin calling on them to immediately halt hostilities, and said if they don t, bloodshed would be their fault. he also basically insulted the entire existence of ukraine s
statement from the white house, indicating that u.s. president joe biden plans to imposed sanctions on those pro-moscow separatist regions in eastern ukraine. that announcement has sent the price of crude oil soaring. what we have here is just growing volatility, growing uncertainty about the fate and future of ukraine and beyond. and the bottom line is this is not good news for the markets. in fact, i want to share a couple statements for you. this one, from a senior market analyst and a research note. he writes this quote, it feels like the situation can dramatically escalate at any moment and that is going to keep investors on edge for now. we may well be on the brink of something terrible happening and that s continuing to feed into the negativity in the markets. up quote. we also received a statement from west peck banking group from the head of fixed income lee search there. and he tells cnn quote i do think it s as much a short squeeze, as a fight to quality. today s move is c
the ukrainian ambassador when he took his mask off due to covid rules says there is a virus that is coming from the kremlin, and the u.n. is sick and it it just depends on now if the united nations will succumb to what russia is doing. michael. thank you, richard roth. european union leaders are meeting this hour in brussels to discuss vladimir putin s actions. in a tweet earlier, the president of the european commission said this quote the recognition of the two separatist territories in ukraine is a blatant violation of international law, the territorial integrity of ukraine, and the minsk agreement. the eu and its partners will react with unity, firmness, and with determination in solidarity with ukraine. now, lithuania s prime minister also speaking out. she tweeted, quote, putin just put kafka and orwell to shame. no limits to dictator s