Oil soars, shares fall as Russia invades Ukraine
Oil prices crossed $100 a barrel for the first time since 2014 and Indian equities tumbled 4.7% on Thursday after Russia launched missiles at several Ukrainian cities and the West threatened to impose more sanctions on Moscow.
The move came after the Russian military buildup near the Ukrainian border. Russian President Vladimir Putin unveiled plans of the military operation through a surprise address on television on Thursday. He asked the Ukrainian military to lay down arms and warned of strong retaliation against anyone who interfered.
