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The Latest Breaking News from Ukraine

ASX takes $60 billion hit as as inflation surges, Omicron hits business confidence

The ASX slumps on the back of inflation rising more than expected, while US stocks stage a dramatic reversal after an earlier sell-off, and the prospect of higher US interest rates and a war between Russia and Ukraine spook investors.

ABC News

UK set to face record-high gas prices if Russia invades Ukraine

Fears grow that Vladimir Putin could restrict gas supplies into Europe, pushing prices up further

The Independent UK

Ukraine latest: US puts 8,500 troops on standby as Russia invasion fears mount

The Pentagon said the move was intended to ‘reassure our Nato allies’

Evening Standard

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NATO sends reinforcements to Eastern Europe amid Russia tensions

NATO said it was sending more ships and jets, in what Russia denounced as an escalation of tensions over Ukraine.

Al Jazeera

US puts 8,500 troops on high alert ready to be deployed amid Russia-Ukraine tension

This is the latest sign of US resolve in the face of Russian military build up on the border of Ukraine and Pentagon spokesperson John Kirby stressed no decision whether to deploy or not had been made yet

Daily Mirror

The Loop: Aussies told to leave Ukraine, Djokovic could play in France, and massive fall on US markets

Here's your TL;DR for this morning's news.

ABC News

Morning mail: inland rail goes off track, Australians told to leave Ukraine, Paul Kelly’s best gig

Tuesday: can the 1,700km rail route between Melbourne and Brisbane live up to its hype? Plus: Paul Kelly reflects on his most memorable concert

The Guardian - AU

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Pentagon: 8,500 U.S. troops on high alert for possible deployment to eastern Europe

No decisions have been made to actually deploy U.S. forces.

Axios

US puts 8,500 troops on alert as Biden ‘refining plans for all scenarios’

Comes as the United States places 8,500 military personnel on heightened alert to deploy

The Independent UK

Donald Trump Jr mocked for suggesting real cause of Ukraine crisis is Hunter Biden

‘Will it ultimately be Hunter’s lucrative and shady AF business dealings in Ukraine that gets us into a war with Russia?’ asks Donald Trump’s eldest son

The Independent UK

Russian military exercises off Irish coast a ‘non-story’, says ambassador

Yury Filatov downplayed the significance of the navy exercises after concerns were raised by the Irish Government.

The Independent UK

Boris Johnson birthday party row grows but minister urges people to focus on Ukraine instead

A health minister has appealed to the public to focus on the threat of war in Ukraine, rather than No10 parties

Evening Standard

As war fears mount in eastern Europe, what are the key reasons for Russia to invade Ukraine?

Russian President Vladimir Putin has long believed that Russia and Ukraine should be reunited as one country and has seen his past aggressions in the region result in renewed popularity at home.

ABC News

Rising costs of Ukraine gamble could force Russia’s hand

Analysis: Putin can still turn back but it looks less likely as economic and political consequences mount

The Guardian - UK

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The Guardian - UK

How vulnerable is UK energy system as tensions rise between Russia and Ukraine?

Fears grow that the Kremlin may restrict gas exports to Europe in the face of potential sanctions

Reuters

Lufthansa reschedules some Ukraine flights amid Russia tensions

Germany's Lufthansa has rescheduled at least two flights to Ukraine this week, in one of the first changes to air traffic since the latest step-up in tensions between Russia and the West.

The Independent UK

Trump – impeached for trying to blackmail Ukraine – hits out at Biden over Russia crisis

Former president said the current crisis in Ukraine would not happen if he were in office

Chicago Sun-Times

Dow closes with a gain after 1,200-point slide

The market’s gyration reflected investors’ uncertainty over how aggressive the Federal Reserve’s inflation-fighting measures will be and the possibility of conflict between Russia and Ukraine.

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The Independent UK

EXPLAINER: Why are oil prices high, and any relief in sight?

Anyone who’s bought food, paid rent or looked for a used car recently has come up against the billowing inflation that has engulfed the U.S. economy

The Conversation

Who's to blame in the Ukraine-Russia standoff? It depends on perspective

In the West, the current standoff between Ukraine and Russia has typically been presented as one in which a righteous Ukraine is standing up to bullying by a scheming, even Machiavellian Russia.

Reuters

Russian Duma takes its time over call for east Ukraine 'independence'

A proposal to ask Russian President Vladimir Putin to recognise two breakaway east Ukraine regions as independent will not be ready for discussion by the relevant parliamentary committee until next week, the committee's head told Reuters on Monday.

Daily Mirror

Ukraine crisis: Hundreds of military trains with Russian troops deployed as war fears grow

The Mirror has learned as many as 30 train loads of Moscow’s troops have entered Belarus in the past week - with a staggering 200 scheduled for the next few days

The Guardian - UK

‘Life goes on’: Kyiv residents maintain calm amid threat of Russian invasion

Few signs of panic in Ukraine’s capital – though mood has darkened in recent days and some are making plans in event of conflict

Mic

All-out conflict is looming between Russia and Ukraine

And it might drag the U.S. into another far-away fight.

Reuters

Biden to speak with European leaders to discuss Russia-Ukraine tensions

U.S. President Joe Biden will speak with European leaders on Monday to discuss the ongoing tensions between Russia and Ukraine, including Russia's military buildup on Ukraine’s borders, the White House said.

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