Europe braces for 1m refugees; markets plunge
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That’s a wrap
Thank you for reading tonight as we followed the Russian invasion of Ukraine.
Friday’s blog is now live, please head there to continue our coverage.
Here are some of the headlines:
-- Europe is bracing for what could be an exodus of more than a million refugees after Russia launched a full-scale attack on Ukraine, as officials say any initial strain will be borne by member states on the bloc’s eastern frontier.
-- NATO agreed Thursday to beef up its land, sea and air forces on its eastern flank near Ukraine and Russia after President Vladimir Putin ordered a military offensive in Ukraine.
-- Australia is considering tapping its fuel reserves held in the United States as part of a joint effort with like-minded nations to try to contain petrol prices following Russia’s invasion of Ukraine.
-- The United States believes Russia’s invasion of Ukraine is designed to decapitate Ukraine’s government and one of the three main axes of assault is directed at the capital Kyiv, a senior US defence official said on Thursday.
-- Cryptocurrencies extended declines as Russia’s attacks on targets across Ukraine sent risk assets reeling, with bitcoin slumping to a one-month low.
-- Russia’s stock rout on Thursday is currently the third-worst plunge in market history in local currency terms as investors sell the nation’s assets following the country’s invasion of Ukraine.
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