G7 vows 'rapid assistance' to Ukraine
Milan bourse, international markets down amid tensions03 March, 11:32
The United States has threatened to isolate Russia economically and has stressed it is not seriously mulling a military intervention. Earlier Monday the G7 agreed to suspend any actions related to a June G8 meeting scheduled in Sochi, Russia. The G8 includes Russia, Italy, the UK, US, Canada, France, Germany and Japan.
Later, United Nations Secretary-General Ban Ki-moon was scheduled to meet with Russian Foreign Minister Sergey Lavrov in Geneva. Trading was down across international markets amid the tension. The Milan bourse opened down 2.24%, with signs of a slight recovery as the day progressed. In Moscow the Micex lost nearly 10%, its sharpest drop since November 2008.