European stocks are expected to open sharply lower on Thursday after reports that Russia has begun to attack Ukraine.
Global markets are likely to be thoroughly shaken on Thursday on the news that Russia has launched an attack on Ukraine, and one that appears to be more widespread that expected.
Multiple explosions across Ukraine were reported by journalists and government officials in at least four cities early Thursday morning local time, undermining Russian President Vladimir Putin's claim that Russia was launching a military operation that would be limited to the far east of the country.
Starting about two hours before dawn on Thursday, explosions were felt in and around the cities of Kyiv, Odessa, Kharkiv and Mariupol. The explosions are ongoing, according to reports. Dmytro Kuleba, Ukraine's minister of foreign affairs, said in a statement that a"full-scale invasion" of his country was underway.
U.S. President Joe Biden condemned the attack."The world will hold Russia accountable," he said in a statement before he held a late-night call with Ukraine President Volodymyr Zelenskyy. The European Union is set to hold an emergency meeting on Thursday to discuss its response to the latest development.
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