Live updates: follow the latest news on Russia-Ukraine
President Vladimir Putin ordered Russian nuclear forces to be put on alert on Sunday in a serious escalation of tension in response to economic sanctions and what he called the “aggressive statements” of leading Nato powers.
The Russian leader told his senior defence officials to put nuclear deterrent forces in “special regime of combat duty” after four days of air and ground attacks on Ukraine’s cities and strategic areas using conventional warfare.
The comments came as Ukrainian President Volodymyr Zelenskyy’s office said the two sides would meet at an unidentified site on the border of Belarus.
Russia flew a delegation to the country hours earlier.
The US said the nuclear escalation was part of a pattern of behaviour seen in Mr Putin previously. Before the assault, he had warned nations he would retaliate harshly if they intervened in the conflict and mentioned the country’s status as a nuclear power.
Nato secretary-general Jens Stoltenberg told CNN: “This is dangerous rhetoric. This is a behaviour which is irresponsible.”
EU foreign ministers were meeting this evening to discuss further arms for Ukraine and adopting further “tough” economic sanctions, said Josep Borrell, the bloc’s chief foreign minister.
On Sunday, German Chancellor Olaf Scholz said his country had committed another €100 billion for its military, the latest of several pledges to step up his country’s response to the Russian threat. He told a special session of the Bundestag the investment was needed “to protect our freedom and our democracy”.
It was not known what the impact of Mr Putin’s nuclear order would be because land and submarine-based nuclear forces are on alert at all times.
If he is raising the nuclear combat readiness of his bombers or ordering more ballistic missile submarines to sea, the US might feel compelled to respond in kind, said Hans Kristensen, a nuclear analyst at the Federation of American Scientists.
“President Putin is continuing to escalate this war in a manner that is totally unacceptable,” said the US ambassador to the UN, Linda Thomas-Greenfield. “And we have to continue to condemn his actions.”
Max Bergmann, a former US State Department official, called Mr Putin’s talk predictable but dangerous sabre rattling.
“Things could spiral out of control,” said Mr Bergmann, now a senior fellow at the Centre for American Progress, a think tank.
The view was echoed by a senior defence official who told Reuters: “It’s .... putting in play forces that, if there’s a miscalculation, could make things much, much more dangerous.”
Videos posted on Ukrainian media showed Russian troops and military vehicles moving into the country’s second city of Kharkiv, which has a population of 1.4 million.
Russian forces blew up a gas pipeline, prompting the government to warn people to cover their windows with damp cloth or gauze as protection from smoke.
Huge explosions were heard early on Sunday in Kiev but the capital of 2.8 million people was relatively quiet during the day during a strict 39-hour curfew.
Residents remained inside their homes, in underground garages and subway stations in anticipation of a major assault. Those out during the curfew could be considered as saboteurs, said the mayor of Kiev, former boxer Vitali Klitschko.
Ukrainians have volunteered to help defend the capital Kiev and other cities, taking guns distributed by authorities and preparing firebombs to fight the Russian forces. Ukraine is also releasing prisoners with military experience who want to fight for the country, authorities said.
Mr Klitschko said there was no plan to evacuate the capital if Russian troops managed to take it.
“We can't do that, because all ways are blocked,” he said. “Right now we are encircled.”
The number of casualties is unclear. Ukraine’s health minister reported on Saturday that 198 people, including three children, had been killed and more than 1,000 others injured. Russia has not given any casualty figures.
Since Russia launched attacks on Ukraine, about 368,000 people have fled the country, according to the UN Refugee agency. Many have moved into neighbouring countries including Romania, Poland, Hungary and Moldova.
The UN has estimated the conflict could produce as many as four million refugees, depending how long it continues.
The economic impact of the crisis continued to reverberate with European nations and Canada moving to shut their airspace to Russian aircraft. The US is considering similar action but is yet to make a final decision.
Energy giant BP also said that it would exit its 19.75 per cent stake in Russian oil company Rosneft amid growing pressure from the British government since the invasion.
The decision to abandon the Rosneft holding will result in charges of up to $25 billion at the end of the first quarter, BP said in a statement.
BP acquired its Rosneft shareholding in 2013 as part of the $12.5 billion sale of a stake in TNK-BP.
BP chief executive Bernard Looney and his predecessor, Bob Dudley, will step down from the Rosneft board.
“Like so many, I have been deeply shocked and saddened by the situation unfolding in Ukraine and my heart goes out to everyone affected. It has caused us to fundamentally rethink BP’s position with Rosneft,” Mr Looney said.
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Tips on buying property during a pandemic
Islay Robinson, group chief executive of mortgage broker Enness Global, offers his advice on buying property in today's market.
While many have been quick to call a market collapse, this simply isn’t what we’re seeing on the ground. Many pockets of the global property market, including London and the UAE, continue to be compelling locations to invest in real estate.
While an air of uncertainty remains, the outlook is far better than anyone could have predicted. However, it is still important to consider the wider threat posed by Covid-19 when buying bricks and mortar.
Anything with outside space, gardens and private entrances is a must and these property features will see your investment keep its value should the pandemic drag on. In contrast, flats and particularly high-rise developments are falling in popularity and investors should avoid them at all costs.
Attractive investment property can be hard to find amid strong demand and heightened buyer activity. When you do find one, be prepared to move hard and fast to secure it. If you have your finances in order, this shouldn’t be an issue.
Lenders continue to lend and rates remain at an all-time low, so utilise this. There is no point in tying up cash when you can keep this liquidity to maximise other opportunities.
Keep your head and, as always when investing, take the long-term view. External factors such as coronavirus or Brexit will present challenges in the short-term, but the long-term outlook remains strong.
Finally, keep an eye on your currency. Whenever currency fluctuations favour foreign buyers, you can bet that demand will increase, as they act to secure what is essentially a discounted property.
What can you do?
Document everything immediately; including dates, times, locations and witnesses
Seek professional advice from a legal expert
You can report an incident to HR or an immediate supervisor
You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline
In criminal cases, you can contact the police for additional support
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Group E: Tunisia, Mali, Mauritania, Angola
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Rating: 3.5
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Should late investors consider cryptocurrencies?
Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.
They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.
“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.
He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.
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