Kyiv Says Multiple Sites Attacked Across Country: Ukraine Update

(Bloomberg) -- Ukraine said multiple border sites and cities are under attack from Russian forces in what it called a full-scale invasion that includes air strikes on the capital, Kyiv.

Russian President Vladimir Putin said he had ordered a special military operation to support separatists in the Donbas region of eastern Ukraine, and claimed he did not plan to occupy the country. 

The U.S. and its allies have for weeks warned of the potential for an attack, including on Kyiv, estimating Putin had massed 150,000 troops on the border. 

Putin was condemned by U.S. President Joe Biden, who called his actions an “unprovoked and unjustified attack by Russian military forces” on the people of Ukraine, and by NATO Secretary General Jens Stoltenberg, who said it was a “serious threat to Euro-Atlantic security.”

Key Developments

• Russia Attacks Targets Across Ukraine After Putin Orders Strikes
• Stocks Slide, Brent Hits $100 on Russian Incursion: Markets Wrap
• Ruble Extends Slump in Offshore Trading as Ukraine Crisis Grows
• A Visual Guide to the Tensions Around Russia and Ukraine 

All times CET:

Russia Attacks Checkpoints, Kyiv Under Attack: Reports (5:49 a.m.)

Russia is attacking multiple checkpoints along its border with Ukraine, Interfax news agency reported, citing people with knowledge of the matter inside Ukraine’s border guard service.

The Interior Ministry warned Kyiv was under attack from ballistic missiles and urged citizens to go to shelters. Interfax also reported Russian assault troops were landing in the Black Sea port cities of Odesa and Mariupol, citing an official in the Ukrainian Defense Ministry.

“Russian troops are attacking peaceful Ukrainian cities from various directions, including temporarily occupied Donbas and Crimea, as well as the northeastern region,” Ukraine’s Foreign Ministry said in a statement.

President Volodymyr Zelenskiy said he had imposed martial law.

ROSTOV, RUSSIA - FEBRUARYA convoy of Russian military vehicles is seen moving towards the border in the Donbas region of eastern Ukraine on Feb. 23 in the Russian border city of Rostov. Photographer: Anadolu Agency/Anadolu/Getty Images

Ukraine says Says Russia Launched ‘Full-Scale Invasion’ (5:07 a.m.)

Foreign Minister Dmytro Kuleba said in a tweet that Putin has “launched a full-scale invasion of Ukraine” and cities are under airstrikes.

“This is a war of aggression. Ukraine will defend itself and will win,” he said. Kuleba said the world can and must stop Putin, adding “the time to act is now.”

Ukraine Closes Airspace to Passenger Flights (5:17 a.m.)

Ukraine closed its airspace for passenger flights, according to a notice Thursday. Russia has also put in place flight restrictions over Ukrainian territory. 

Putin Said U.S. Crossed Russia’s ‘Red Lines’ (5:01 a.m.)

Putin accused the U.S. of ignoring Russia’s demands for security guarantees and crossing its “red lines” with an expansion of NATO infrastructure east.

In his televised speech he said he aimed to demilitarize Ukraine. “Russia can’t exist with a constant threat from the territory of Ukraine,” he said.

Putin has long warned that Russia views expansion of the North Atlantic Treaty Organization in eastern Europe as a threat and he couldn’t tolerate Ukraine joining the alliance. In December, he demanded the U.S. and its allies provide legally binding security guarantees that the alliance not expand further and not put offensive weapons in Ukraine. Those demands were rejected.

NATO contends that it’s a defensive alliance and isn’t a threat to Russia.

Biden Says ‘World Will Hold Russia Accountable’ (4:42 a.m.)

Biden said in a statement that “Putin has chosen a premeditated war that will bring a catastrophic loss of life and human suffering,” adding Russia alone would be responsible for “the death and destruction this attack will bring.”

Biden said he would speak with Group of Seven counterparts Thursday and then address the American people to announce further punishments for Moscow. “The world will hold Russia accountable,” Biden said.

Markets Slump After Putin Announces Military Action (4:33 a.m.)

U.S. equity futures and stocks slid on the back of the Putin’s escalation. S&P 500 and Nasdaq 100 contracts tumbled more than 1%, European futures shed over 2% and an Asia-Pacific equity gauge fell to the lowest level this month. 

Treasuries, the dollar and gold climbed, reflecting demand for havens. Brent oil surged to $100 a barrel for the first time since 2014 as Russia’s escalation sparked fears of a disruption to the region’s critical energy exports. Russia is a key supplier of energy to global customers, with Europe relying on the nation for about a quarter of its oil supplies and a third of its gas.

Zelenskiy Urges Russia Not to Escalate Crisis (11:53 p.m.)

Ukraine President Volodymyr Zelenskiy said in an address to the nation that any Russian move to aid separatists in the eastern part of Ukraine could cause an escalation in tensions. 

Ukraine poses no threat to Russia but will defend itself if attacked, Zelenskiy said in his speech. He said Putin didn’t respond to a request to talk by phone on Wednesday. Earlier, Ukraine’s foreign minister said he would seek another emergency session of the UN Security Council. 

Separately, the EU’s top diplomat, Josep Borrell, also urged Russia to refrain from any escalatory actions, calling the request for Moscow’s help by Ukrainian separatists a “dangerous” step. 

Kremlin Says Separatist Leaders Seek Putin’s Aid (10:15 p.m.)

Kremlin spokesman Dmitry Peskov said that the leaders of the self-proclaimed separatist republics in eastern Ukraine wrote to Putin for help repelling Ukraine, Interfax and Tass reported. 

It wasn’t clear what specific aggression the leaders believed they needed assistance with. Ukrainian officials have repeatedly said they have no plans for a military offensive against the separatists. 

Asked about the request, White House Press Secretary Jen Psaki called it an example of the type of “false flag” operation that the U.S. has said was likely to occur. 

WATCH: Putin says Russia is ready for “diplomatic solutions.”Source: Bloomberg

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