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(Adds quote, updates prices and changes dateline.) By Sonali Paul and Mohi Narayan NEW DELHI, Feb 23 (Reuters) - Oil prices took a breather on Wednesday after surging to seven-year highs the previous session as it became clear the first wave of U.S. and

Stocks Fall as Russia Moves Troops into Ukraine as It Squares Off with the United States and the European Union

(Bloomberg) -- The Biden administration has stopped issuing permits for new oil and gas drilling on federal land, a move that could complicate efforts to tame gasoline prices that are poised to top $4 per gallon amid the Russia-Ukraine conflict.

The rise in demand for green jobs is dramatically outpacing that of the oil and gas sector and the talent needed to supply it, according to a recent report from LinkedIn.The number of jobs in renewables the environment in the U.S has increased

Oil and gas prices are up, and Western energy giants with operations and investments in Russia could find it harder to keep doing business there.

Russian President Vladimir Putin on Monday formally recognized two Kremlin-controlled regions in Ukraine as independent and began an invasion of the country. With Europe on the verge of what would be one of the bloodiest wars in recent memory, the United States and its allies are preparing unprecedented sanctions against Putin and his regime. Former President Donald Trump is now weighing in on the situation as well. Read More Below In a statement released via donaldjtrump.com, the former president said that Putin would not have dared invade Ukraine if he was still in office, and slammed his successor Joe Biden. "If properly handled, there was absolutely no reason that the situation currently happening in Ukraine should have happened at all," Trump began. "I know Vladimir Putin very well, and he would have never done during the Trump Administration what he is doing now, no way!" he continued. Trump Slams Biden Trump then ripped into Biden, saying that "Russia has become very very rich during the Biden Administration, with oil prices doubling and soon to be tripling and quadrupling." The sanctions Biden wants to implement are "weak," Trump argued, saying that ordinary Americans will feel the consequences of the Democrat''s incompetence. "The weak sanctions are insignificant relative to taking over a country and a massive piece of strategically located land.

NEW YORK, New York - Oil prices spikes and stocks dived Tuesday as the Russian-Ukraine crisis escalated, with the U.S. imposing strict sanctions following Russian President Putin''s recognition of two breakaway regions in Ukraine. "The Russia/Ukraine situation remains very fluid, and tensions remain high, and in the short term that will remain a headwind on stocks, Tom Essaye, founder of the Sevens Report told CNB

Australian shares are expected to start the day lower as investors brace for market volatility and watch for international responses to Russian President Vladimir Putin''s next moves against Ukraine.

The Dow slumps more than 450 points as investors brace for sanctions against Moscow and further escalation.

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Australian shares are set to edge lower; Wall St falls as sanctions imposed on Russia; oil reaches seven-year high. Follow the latest here.

The government is monitoring rising crude oil prices, India''s finance minister said on Tuesday, as oil prices hit near $100 a barrel

Business Standard brings you the top headlines on Tuesday

(Reuters) Futures for Canadas main stock index fell on Tuesday, with investors joining a global flight from risky assets, as tensions between Russia and Ukraine escalated, although stronger crude prices on the back of supply concerns limited further losses.

Tensions over Ukraine are ratcheting up, with the prospect of sanctions on Russia threatening to further raise prices of commodities key to the global economy.