Russia warned that Americans will fully feel the “consequences” of U.S. sanctions on the Kremlin after it deployed troops into two pro-Moscow separatist regions of eastern Ukraine.
The West is bracing for Russia to retaliate against the measures, which Moscow said would hurt global financial and energy markets. President Biden acknowledged that the crisis could lead to higher gasoline prices, while U.S. businesses have been warned to prepare for possible cyberattacks.
European and Japanese officials have also expressed concerns about Moscow restricting energy and chipmaking supplies. A senior Russian official warned Tuesday that Germany, which has halted a major pipeline project with Moscow, would “very soon” be paying more than double for natural gas.
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