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FT News Briefing

Russia’s move on Ukraine triggers western sanctions

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.41.3K Ratings

🗓️ 23 February 2022

⏱️ 11 minutes

🧾️ Download transcript

Summary

Western powers impose sanctions on Russia as Biden says Ukraine ‘invasion’ has begun, and Russian assets are set to bear the brunt of the Ukraine conflict. Plus, the FT’s Berlin bureau chief, Guy Chazan, explains what freezing the Nord Stream 2 pipeline project means for Germany. 


Mentioned in this podcast:

Biden imposes wave of sanctions on Russia for Ukraine ‘invasion’

Russian stocks sell off on mounting sanctions risks

Putin backs separatist claims to whole Donbas region of Ukraine


The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. 


Read a transcript of this episode on FT.com


Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

The FT News Briefing is supported by Equinole, the UK's energy partner.

0:06.3

Learn more at equinole.co.uk

0:09.8

Good morning from the Financial Times.

0:11.5

Today is Wednesday, February 23rd, and this is your FT News Briefing.

0:18.9

Russia is edging closer to war.

0:21.3

President Vladimir Putin is endorsing Russian-backed separatists who claim the entire

0:25.8

Dumbass region of eastern Ukraine.

0:28.4

Meanwhile, Western powers are pushing back, both with sanctions and by suspending the Nord Stream

0:33.0

to pipeline project. But can Germany kick its Russian gas habit?

0:36.9

It's industry has really become addicted to relatively cheap Russian gas.

0:41.0

So it's in a bit of a bind, really.

0:44.0

Plus, how are Russian markets holding up through all this?

0:47.1

Unsurprisingly, not so great. We'll tell you more.

0:50.4

I'm Mark Filipino, and here's the news you need to start your day.

1:02.3

Very late on Monday night, Russian President Vladimir Putin decided to send what he called

1:06.9

peacekeeping troops into eastern Ukraine.

1:09.6

They'll support two Russian-backed separatist states that he's recognized as independent.

1:15.2

This crossed a line for Western powers, and they retaliated with a salvo of

1:19.9

sanctions against a Moscow on Tuesday. The U.S. is targeting two of Russia's largest

1:24.8

financial institutions, as well as Russian elites and their family members.

1:29.2

The FT's Henry Foy has more on Europe's sanctions towards Russia.

1:33.2

So the European Union has decided to sanction a larger number of individuals and entities.

...

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