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Stock prices are falling, but oil prices are rising during the crisis in Ukraine

Stock prices on the US and European stock exchanges fell mostly on Tuesday after the US imposed new sanctions on Russia for aggression against Ukraine, but the rise in oil prices was limited by expectations that these measures will not affect Russia’s crude oil production.

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President of the United States Joe Biden in a speech to the White House, the Kremlin’s decision to recognize the “independence” of the occupied Donbass territory was the beginning of an attack Ukraine, to which Washington will respond with the first package of sanctions. Sanctions will be targeted at Russia’s national debt, members of the Russian elite and their families, the state-owned investment bank VEB.RF and the “army bank”.

All three major US stock market indices fell by at least 1%, the Frankfurt and Paris stock indices fell slightly, while the London Stock Exchange index rose slightly.

German Chancellor Olaf Scholz announced on Tuesday that he was suspending the pipeline “Nord Stream 2“The certification process in response to the recognition of the” Republics “of Donbass The European Union (ES) will agree on “strong and massive” sanctions on Russia.

Britain sanctioned five Russian banks and three so-called oligarchs on Tuesday, and, according to the prime minister, Boris Johnsonit is only “the first volley” in London ‘s response to Moscow aggression against Ukraine.

Brent crude rose to $ 99.50 a barrel on a seven-year high during the trading session, closing the session at $ 96.84.

“The escalation of the crisis between Russia and Ukraine has raised concerns about [jēlnaftas] “Russia’s second-largest oil exporter and the world’s main natural gas producer,” said Victoria Skolara, investment manager at Interactive Investor, said the supply disruption would result in sanctions destroying Russia.

The Dow Jones Industrial Average fell 1.4% to 33,596.61 points on Tuesday, the Standard & Poor’s 500 fell 1.0% to 4,304.76 points and the indexNasdaq Composite ‘decreased by 1.2% to 13,381.52 points.

London Stock Exchange index FTSE 100 rose 0.1% to 7494.21 points on Tuesday, Frankfurt stock exchange index DAX 30 fell by 0.3% to 14,693.00 points, while the Paris Stock Exchange index CAC 40 fell by less than 0.1% to 6,787.60 points.

In the New York Stock Exchange, the price of WTI crude rose 1.4% to $ 92.35 a barrel on Tuesday. The price of Brent crude oil rose 1.5% to $ 96.84 a barrel on the London Stock Exchange.

Euro The US dollar rose from 1.1311 to 1.1330 dollars per euro on Tuesday, the British pound fell from 1.3602 to 1.3588 dollars per dollar, and the US dollar rose from 114.74 to 115.08 yen per dollar. The euro appreciated against the pound sterling from 83.16 to 83.35 pence per euro.

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