Russia has warned the United States that there will be "unpredictable consequences" if Washington keeps arming Ukraine, The Washington Post reported on Friday.
Russian Energy Minister Nikolai Shulginov said that the country would be willing to sell its oil and gas at almost any price, but only to nations it still considers "friendly." The situation comes as the world's top oil trader, the Vitol Group, indicated it would no longer purchase the country's supply by the end of the year.
Finland and Sweden are reportedly working on potentially joining the North Atlantic Treaty Organization (NATO) in the wake of Russia's unprovoked invasion of Ukraine. The situation could show that Russian President Vladimir Putin's plans could backfire.
The U.S. stock market is under threat as traders continue to monitor the rising tensions caused by the possibility of Russia invading Ukraine. The situation has caused the EUR/USD to hover just above 1.1300 despite Russian President Vladimir Putin reassuring that he would not be invading his neighboring country.
Western countries emphasized, on Thursday, they would be unified in responding strongly to any Russian attack on Ukraine, warning Moscow with severe financial sanctions if it proceeds.