White House: Will announce new sanctions on Russia on Tuesday, will coordinate with allies

Dhwani Mehta FXStreet

A senior White House official said in a statement, the US will announce new sanctions against Russia on Tuesday in response to Moscow's "decisions and actions" on Monday.

Additional takeaways

“Will coordinate with allies on the announcement.”

“Putin moving “peacekeeping forces” to Donetsk & Luhansk regions of Ukraine may not trigger "swift and severe" sanctions.”

“Russia has had forces in the Donbas for the past 8 years.”

Market reaction

The risk sentiment remains sour amid ongoing escalation between the West and Russia over a likely Ukraine invasion, as Moscow signed a decree that recognizes Donetsk and Luhansk in Eastern Ukraine as independent states.

The S&P 500 futures, the risk barometer, are losing 0.53% on the day while gold is holding moderate gains around $1,910.

Across the G10 fx space, AUD/USD is keeping its range near 0.7200, unable to sustain the bounce.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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