LIVE: Russia’s credit rating cut to junk by S&P as conflict escalates


Russia Ukraine

People rally for more US support for Ukraine outside of the White House in Washington, US, as Russia continues its invasion of Ukraine February 25, 2022. Photo: Reuters

Meanwhile, Ukrainian President Volodymyr Zelenskiy grimly predicted that the conflict would soon intensify and fears of wider war in Europe triggered new efforts to make Moscow stop, including direct sanctions on President Vladimir Putin. Amid reports of hundreds of casualties — including shelling that sliced through a Kyiv apartment building and pummeled bridges and schools — there also were growing signs that may be seeking to overthrow Ukraine’s government, which US officials have described as Putin’s ultimate objective.
Yesterday, vetoed a UN Security Council resolution demanding that Moscow immediately stop its attack on and withdraw all troops, a defeat the United States and its supporters knew was inevitable but said would highlight Russia’s global isolation. The vote on Friday was 11 in favour, with voting no and China, India and the United Arab Emirates abstaining, which showed significant but not total opposition to Russian President Vladimir Putin’s invasion of his country’s smaller and militarily weaker neighbour.


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