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Nations discuss options against Russia. Plus: -effects of conflict on oil prices -fatal crash in North Fort Myers -missing person search in 4th day

Oil prices surged nearly 5% and stock prices dropped after Russian President Putin ordered forces into separatist regions of eastern Ukraine, bringing a long-feared invasion a step closer.

Futures for Canada''s 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.

Investors were sent running after Putin recognised independence of two rebel-held areas of Donetsk and Lugansk

Oil and gas prices spiked and stocks were rattled as sanctions for Russia loom over actions in Ukraine

https://www.investing.com/analysis/stocks-plunge-oil-surges-as-russian-troops-enter-breakaway-regions-200618476

The RT200 FX programme by the Central Bank of Nigeria (CBN) can achieve its aim if deliberate efforts are made to follow it through, experts are saying. The experts made the suggestions Tuesday in separate interviews with the News Agency of Nigeria (NAN) in Lagos. Akpan Ekpo, a professor of economics and public policy at the University of Uyo, Akwa Ibom, said the programme would shore up foreign exchange in the short and medium-term. However, he said for this to happen, in order not to allow the foreign exchange to determine economic activities, the structure of the economy must change in favour of production so that non-oil goods and services would be produced in the economy and exported to earn foreign exchange for the country. It is when the economy is diversified and non-oil goods and services are produced domestically and exported to earn foreign exchange, then foreign exchange would not be a challenge, he said. Sheriffdeen Tella, professor of economics at the Olabisi Onabanjo University, Ago-Iwoye, Ogun State, said RT200 FX programme was good as it might make some exporters give it a trial with fractions of what they had in their foreign account.

An invasion of Ukraine could lead to sanctions on Russian oil at a time when global crude supplies remain tight. That could see prices rise further.

Markets plunged while oil and haven assets rallied Tuesday after Russia''s Vladimir Putin ordered troops into two separatist regions in eastern Ukraine, ramping up geopolitical tensions and fears of a conflict.

The broader Euro STOXX 600 fell as much as 1.9 percent to a seven-month low before clawing back some of its losses. German stocks - seen as more vulnerable due to the country#39;s heavy reliance on Russian gas supplies - dropped more than 2 percent.

Investors rattled by risk of fully fledged invasion, pushing shares lower around the world

U.S. stock futures and global indexes fell, while crude-oil futures jumped, after the Russian president ordered troops into the two breakaway areas of Ukraine.

The Euro STOXX 600 falls nearly 2 per cent after Russian President Vladimir Putin orders troops into two breakaway regions

Fears of war in Ukraine have pummelled stocks and lifted oil to its highest in seven years.

SINGAPORE - Oil rose to near US$100 a barrel and nickel jumped to its highest price in a decade on Tuesday (Feb 22), after Russia recognised two separatist republics in eastern Ukraine and ordered its troops to enter the breakaway regions. . Read more at straitstimes.com.