World leaders sought Wednesday to back up their tough words over Russia’s aggression against Ukraine, announcing financial sanctions, trade and travel bans and other measures meant to pressure Moscow to pull back from the brink of war.
Even as they ramped up penalties, however, nations in Asia and the Pacific also prepared for the possibility of both economic pain, in the form of cuts to traditional energy and grain supply lines, and retaliation from Russian cyberattacks.
“We can’t have some suggestion that Russia has some just case here that they’re prosecuting. They’re behaving like thugs and bullies, and they should be called out as thugs and bullies,” Australian Prime Minister Scott Morrison said while announcing targeted financial sanctions and travel bans as a first step in response to Russian aggression toward Ukraine.
The possibility of imminent war in Ukraine has raised fears not only of massive casualties but of widespread energy shortages and global economic chaos.
The punitive actions in Asia followed sanctions levied by U.S. President Joe Biden and European leaders against Russian oligarchs and banks in response to Russia massing 150,000 troops on three sides of Ukraine. While the larger army has yet to move, Russian forces have rolled into rebel-held portions of eastern Ukraine after Russian President Vladimir Putin recognized those areas’ independence.
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