【Quick Facts】
- Putin announced the recognition of the Donetsk Republic and the Luhansk Republic as independent states.
- If Russia invades Ukraine, the United States will cut off some Russian banks.
- The United Kingdom announced the “Coexistence with the New Crown” plan, becoming the first Western country to lift all epidemic prevention restrictions.
- Fed Bowman: Support for raising interest rates in March, the magnitude should be determined by the data.
- Iranian Ministry of Foreign Affairs: Still far from reaching an agreement.
- Canadian Prime Minister Justin Trudeau: The state of emergency over truck driver protests is not over yet.
【Details of important news】
Putin announces recognition of Donetsk and Luhansk republics as independent states
On the 21st local time, Russian President Vladimir Putin said in a phone call with French President Emmanuel Macron and German Chancellor Scholz that he would sign an order recognizing the Donetsk and Luhansk republics. Putin hosted a Russian Federation security conference at the Kremlin to discuss the Donbass issue. Putin wants all participants to build on the demands of the leaders of the Donetsk and Luhansk militias calling on Russia to recognize it as an independent state.
If Russia invades Ukraine, U.S. will cut off some Russian banks
Foreign media quoted people familiar with the matter as saying that the United States has prepared an initial sanctions plan against Russia, but it will only be implemented if Russia invades Ukraine. Potential measures include banning U.S. financial institutions from processing transactions with major Russian banks, and also placing certain Russian individuals and companies on its Specially Designated Nationals list, barring them from transacting with Americans and freezing their U.S. assets.
Britain announces plan to “live with the new crown”, becoming the first Western country to lift all epidemic prevention restrictions
British Prime Minister Boris Johnson said in the House of Commons on Monday that people infected with the new coronavirus will no longer be required to self-isolate in accordance with the law from Thursday, but still advised to avoid going out. From April 1, free COVID-19 testing for all will also end. England is set to lift coronavirus restrictions, becoming the first major Western country to announce the complete lifting of government restrictions related to the outbreak.
Fed’s Bowman: Support rate hike in March, rate should be determined by data
Fed Governor Bowman said the data will be closely watched to determine the magnitude of interest rate hikes in March, with the goal of taking strong measures to curb inflation. Bowman also said that interest rates may be appropriately raised and balance sheet reductions begin in the coming months.
Iran’s foreign ministry: far from reaching a deal
A spokesman for Iran’s foreign ministry said that the current negotiations have made significant progress, but the remaining issues are the most difficult and critical. Iran is waiting for a decision from Europe and the United States, but for now, they are not showing the seriousness they should, and a deal aimed at saving the Iran nuclear deal is still a long way off.
Canadian PM Trudeau: State of emergency over trucker protests not over- On February 21, local time, Canadian Prime Minister Justin Trudeau said his government would retain emergency powers for at least a few more days due to the ongoing threat, even after police cleared all lockdowns across the country. Trudeau added that there were signs that some truckers were regrouping outside the city of Ottawa and they could start another occupation.
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