MOSCOW, Feb 21 (Reuters) - Russian President Vladimir Putin ordered the deployment of troops to two breakaway regions in eastern Ukraine after recognising them as independent on Monday, accelerating a crisis the West fears could unleash a major war. A Reuters witness saw tanks and other military hardware moving through the separatist-controlled city of Donetsk after Putin issued a decree recognising the breakaway regions and told Russia's defence ministry to send in forces to "keep the peace". The moves drew U.S. and European condemnation and vows of new sanctions although it was unclear whether it was Putin's first major step toward a full-scale offensive in Ukraine that Western governments have warned about for weeks. A senior U.S. official said the deployment to breakaway enclaves already controlled by separatists loyal to Moscow did not yet constitute a "further invasion" that would trigger the harshest sanctions, but that a wider military campaign could come at any time. There was no word on the size of the force Putin was dispatching, but the decree said Russia now had the right to build military bases in the breakaway regions. In a lengthy televised address packed with grievances against the West, a visibly angry Putin described Ukraine as an integral part of Russia's history and said eastern Ukraine was ancient Russian lands. Russian state television showed Putin, joined by Russia-backed separatist leaders, signing a decree recognising the independence of the two Ukrainian breakaway regions - the self-proclaimed Donetsk People's Republic and the Lugansk People's Republic - along with agreements on cooperation and friendship. Defying Western warnings against such a move, Putin had announced his decision in phone calls to the leaders of Germany and France earlier, the Kremlin said. Moscow's action may well torpedo a last-minute bid for a summit with U.S. President Joe Biden to prevent Russia from invading Ukraine, which the senior U.S. official said was now in doubt. Oil jumped to a seven-year high, safe-havens currencies like the yen rallied and U.S. stock futures dived as Europe's eastern flank stood on the brink of war. The rouble extended its losses as Putin spoke, at one point sliding beyond 80 per dollar. Ukrainian President Volodymyr Zelenskiy, who received a solidarity call from Biden, accused Russia of wrecking peace talks and ruled out territorial concessions in an address to the nation early on Tuesday. Biden, who also spoke to French President Emmanuel Macron and Germany Chancellor Olaf Scholz, quickly signed an executive order to halt all U.S. business activity in the breakaway regions and ban import of all goods from those areas. White House spokesperson Jen Psaki said the measures were separate from sanctions the United States and its allies have been readying if Russia invades Ukraine. U.S. Secretary of State Antony Blinken said the executive order "is designed to prevent Russia from profiting off of this blatant violation of international law." The U.N. Security Council was due to meet publicly on Ukraine at 9 p.m. EST Monday (0200 GMT on Tuesday), a Russian diplomat said, following a request by the United States, Britain and France. German Chancellor Olaf Scholz's spokesman said Germany, France and the United States had agreed to respond with sanctions, while British Foreign Minister Liz Truss said Britain would announce new sanctions on Tuesday. NATO Secretary-General Jens Stoltenberg accused Russia of "trying to stage a pretext" for a further invasion. Russia annexed Crimea from Ukraine in 2014. In his address, Putin delved into history as far back as the Ottoman empire and as recent as the tensions over NATO's eastward expansion. His demands that Ukraine drop its long-term goal of joining the Atlantic military alliance have been repeatedly rebuffed by Kyiv and NATO states. With his decision to recognise the breakaway regions, Putin brushed off Western warnings. "I deem it necessary to make a decision that should have been made a long time ago - to immediately recognise the independence and sovereignty of the Donetsk People's Republic and the Lugansk People's Republic," Putin said. A French presidential official said the speech "mixed various considerations of a rigid and paranoid nature".
DIPLOMATIC WINDOW NARROWS Putin has for years worked to restore Russia's influence over nations that emerged after the collapse of the Soviet Union, with Ukraine holding an important place in his ambitions. Russia denies any plan to attack its neighbour, but it has threatened unspecified "military-technical" action unless it receives sweeping security guarantees, including a promise that Ukraine will never join NATO. Recognition of the separatist-held areas will narrow the diplomatic options to avoid war, since it is an explicit rejection of a seven-year-old ceasefire mediated by France and Germany. Separately, Moscow said Ukrainian military saboteurs had tried to enter Russian territory in armed vehicles leading to five deaths, an accusation dismissed as "fake news" by Kyiv. Those developments fit a pattern repeatedly predicted by Western governments, who have accused Russia of preparing to fabricate a pretext to invade by blaming Kyiv for attacks and relying on pleas for help from separatist proxies. Washington says Russia has massed a force numbering 169,000-190,000 troops in the region, including the separatists in the breakaway regions, and has warned of invasion at any moment.
5 commodities price will spike with sanction on Russia, oil & natural gas will be 2 of them (Other 3: aluminium, copper, cobalt- source from- https://oilprice.com/Metals/Commodities/5-Commodities-That-Could-Explode-As-The-Ukraine-Crisis-Escalates.html). Opec will backed Russia for not pumping more oils to support the demand. If war really happens, what will be benefiting Hibi other than oil price? 1. Non-commodity counters will be affected by a higher cost of commodity and transportation. 2. Most investors will withdraw their cash 3. Investors will shift their modal into counters that benefit from war. Hibi definitely is 1 of them out of very few in Msia. Not to forget, without the war, Hibi TP was already valued at RM1.7 by Maybank in 12 months without factor in high oil price >USD90. This counter current price looks high compared to just a month ago, but remember that time the price is still not having all the current plus points. It is relatively low, and many rooms grow, especially when there are a bunch of funds that start shifting from other counters that will have negative impacts from the potential war.
Oil prices could be set for a “prolonged period” above US$100 a barrel over the next six to nine months, with the world setting fresh demand records this year, says Vitol Group chief executive officer Russell Hardy. See the article below. Since TP of RM1.7 by Maybank in 12 months without factor in high oil price >USD90, does it mean that we would probably will see many more rerating by IBs to much higher TPs https://klse.i3investor.com/blogs/kianweiaritcles/2022-02-22-story-h1599231521-Vitol_CEO_sees_oil_above_US_100_this_year.jsp
Hibiscus will jump from PAT150Mil a year to RM600Mil a year after the Repsol deal last month, the first spike will be Q3 (Jan-Mar) to be annouced on 25-May, TP2 min with oil price $75. now Oil is $100, so Hibiscus TP should be 2.50 min Lai lai.. Huat Ahhhh
buy now, even there is no Russian War, the oil price still going to hit $100 soon. Never before we have a real oil/gas company that is real profitable. Looking how BP/Shell/Exxon now profit hitting the roof..
Pandemic glove stock up, ppl shout to run, it keep shoot up to a few hundred % before correction. (When enter glove counter should know that once vaccine is available, should start careful/selling)
This round for O&G, the bull just about to be unleased, some people ask you to run again...
If the fundamentals are good and the market is right, just be confident and patient.
War= bad for the world, good for Hibiscus
No war= TP 1.7 by Maybank (conservative TP)
What is making us worry so much besides those non facts statements of 'lari, cabut, run'?
Sell Hibi when global oil supply starts balance up with downtrend of global oil price which give us clear indicator every day, unlike last time for Vaccine. The upstream oil counter gave us the best visibility of their potential profit.
Hibi past 2 QR has proven that USD75 global oil price is far better than decent. Before global oil goes below USD85, the company is a cash cow. Be patience and good luck, everyone!
Coiffure, you are right, but that is for the short term. because there are too many daytraders and short-term investors who flow short-term commodity prices. But at the same time, value investors and IB will start collecting the tickets for sure. Provided brendt sustain above 80. Hibi QR will be fantastic and not to forget the potential dividend that is not yet factor in.
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Posted by paktua73 > 2022-02-22 10:04 | Report Abuse
hahaha..wonder..last time bungga raya hit above 1.30 brent only usd8+..
now above usd9+ pun payah kekal rm1.20
iyaaaaa...
tut tut
iyaaa