UN Secretary-General Antonio Guterres has expressed his deep concern over Russia's decision on the status of Donetsk and Lugansk of Ukraine.
The recognition of the rebel regions came as over 150,000 Russian troops have surrounded Ukraine from three sides in what the US and its allies saw as a sign of an imminent invasion.
Russian President Vladimir Putin recognised two breakaway regions in eastern Ukraine as independent on Monday
This comes at a time when there is a massive military build-up along the border of Ukraine and the West has expressed their worries over the possible invasion of Ukraine by Russia.
Putin described Ukraine as an integral part of Russia's history, with eastern Ukraine made up of ancient Russian lands, and he was confident the Russian people would support his decision.
LIC has not paid any dividends in nearly three years, something that may have helped shore up the insurer's net worth ahead of its IPO. More on that in our top headlines.
Russian President Putin on Monday recognised the independence of Moscow-backed rebel regions in eastern Ukraine, a move that will further fuel tensions with the West amid fears of Russian invasion.
EU Commission President and Council President say in a joint statement that the recognition is 'a blatant violation of international law'
Western leaders have until now refused to be drawn on the details of the responses they have agreed on if Russia invaded
Ukrainian authorities deny launching an offensive and accuse Russia of provocation amid intensifying shelling along the line of contact
U.S. stock futures and European stocks lost earlier gains made on news that U.S. President Joe Biden and Russian President Vladimir Putin had agreed in principle to hold a summit on the Ukraine crisis
Euro, which was up 0.6% at one stage during early London trading, slowly abandoned those gains and was up a meagre 0.1% at $1.1336
With all eyes on a possible Russian invasion of Ukraine, Russian President Vladimir Putin is sending his top security envoy to the Balkans where Moscow has been trying to maintain influence
STOXX eyes lowest level in four months, tech stocks drop 2.5%; Valneva up on vaccine manufacturing grant in Scotland
Russian President Vladimir Putin convened top officials Monday to consider recognising the independence of Russia-backed separatist regions in eastern Ukraine. The meeting of the presidential Security Council comes amid Western fears that Russia could invade Ukraine any moment, using skirmishes in eastern Ukraine as a pretext for an attack. Putin's statement follows televised statements by separatist leaders, who pleaded with Putin to recognise them as independent states and sign friendship treaties envisaging military aid to protect them from what they described as the ongoing Ukrainian military offensive. Russia's lower house made the same plea last week. Ukrainian authorities deny launching an offensive and accuse Russia of provocation amid intensifying shelling along the line of contact. The Kremlin initially signalled its reluctance to make the move that would effectively shatter a 2015 peace deal for eastern Ukraine that marked a major diplomatic coup for Moscow, requiring ..
The euro which was gaining close to 0.6% at one stage during morning trading, slowly abandoned those gains and was up a meagre 0.13% at $1.1334 as of 1224 GMT
Kyiv calls Russian allegation 'fake news'; Ukraine and West on alert for Russia creating pretext to invade
U.S. President Joe Biden and Russian President Vladimir Putin have agreed in principle to hold a summit on the Ukraine crisis
The RIA news agency shared video footage published by the FSB, which showed that a small outhouse had been torn apart. The footage did not show the projectile.
Brent crude futures rose 25 cents, or 0.3%, to $93.79 a barrel at 1000 GMT. U.S. West Texas Intermediate (WTI) crude futures rose 35 cents, or 0.4%, to $91.42 a barrel