S&P 500 futures were up 0.55% in Asian trade, after U.S. President Joe Biden left the door open to diplomacy as he announced sanctions on two Russian banks and some elites close to President Vladimir
The sanctions targeted a pair of Russian banks, VEB.RF and Promsvyazbank as well as three members of Russia's elite with close ties to the Kremlin.
The measures target Russian banks and sovereign debt, among other steps
US suppliers would also have to obtain licenses for certain Russia-bound items that do not currently require them, such as civil aircraft parts
The Biden administration had in September last year, released recommendations proposing that only banks be allowed to issue stablecoins
The U.S. called his moves a pretext for a further invasion, many members condemned his violation of Ukraine's territorial integrity
Russian President Vladimir Putin ordered troops to two breakaway regions in Ukraine, sending the euro one-month volatility to its highest level since November 2020
'The US president has taken some initiative on his behalf. India wants peace to be established in any way. We are sure that when talks take place, some way or the other will come out,' said Singh
Kyiv calls Russian allegation 'fake news'; Ukraine and West on alert for Russia creating pretext to invade
The White House said in a statement that Biden had accepted the meeting "in principle" but only "if an invasion hasn't happened"
The G7 foreign ministers said on Saturday that the G7 Group is ready for dialogue with Russia on European security, trust-building and arms control.
Biden's administration has prepared an initial package of sanctions against Russia that includes barring US financial institutions from processing transactions for major Russian banks, said reports.
Russia's Vladimir Putin in his telephone conversation with French President Macron on Sunday stressed the need for the US and NATOmust respond to Russia's security guarantees demands seriously.
US President Joe Biden held a meeting of the National Security Council over the situation around Ukraine on Sunday, the White House said.
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Meeting will go forward on the 'condition that Russia does not invade Ukraine': French presidency.
Western countries and Kiev have been accusing Russia of preparing for an alleged "invasion" of Ukraine
Live news updates: India on Sunday advised its citizens 'whose stay is not deemed essential' to leave Ukraine temporarily.
The United States upped its estimate of Russian troops for a possible invasion to as many as 190,000
The Senate approved the measure Thursday by a bipartisan 65-27 vote, five more than the 60 votes needed, after the House easily approved the legislation last week