Ukraine, Russia Tension Mounts, Some Speculate About World War III

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Since Russia invaded the Ukraine’s Crimea region over the weekend, new developments are coming in by the hour. The U.S. is now considering sanctions against Russia unless it pulls out of the Ukraine, and the rest of the West is growing more and more concerned about the increasing tensions in the region. Meanwhile, some are pondering whether the issue will become big enough to develop into World War III.

Russia denies sending Ukraine ultimatum

Today Russian media reported that the nation’s navy gave the Ukraine’s military an ultimatum to surrender at dawn. Moscow, however, denies that report, dismissing it as “total nonsense.” Officials said they’re accustomed to being accused of making such comments by the Ukrainian media.

Aleksandr Vitko, commander of the Russian Black Sea Fleet, was said to have given that ultimatum, saying that if the Ukraine didn’t give up by 5 Tuesday morning, there would “be a real storm of subdivisions and units of Ukraine’s military forces all over Crimea.” That would be 10 p.m. tonight Eastern tie.

U.S. “likely” to sanction Russia

Meanwhile in Washington, the Obama administration said it was considering economic retaliation against Russia. Officials said it now looks likely that they will sanction the nation, saying they’re beyond just considering sanctions. They also said they were preparing the documents right now.

Foreign ministers at the European Union held emergency sessions today in Brussels to talk about other possible steps against Russia unless it orders its troops back to its own bases in Crimea. One of the possibilities mentioned is suspending talks with Moscow about visa liberalization. Unlike the U.S., officials from Germany and France are saying that they’re not considering sanctions. Instead, they intend to dialogue with Russia first. They did say, however, that sanctions “will become inevitable” if Russia doesn’t change its position against the Ukraine.

Markets react to Russia, Ukraine tension

Wall Street and other global markets have been reacting to the tension between Russia and the Ukraine. Shares of Yandex NV (NASDAQ:YNDX) and other Russia-based companies plunged during regular trading. Stocks also fell in other markets around the world as investors considered the economic implications of a worsening situation in Russia.

European markets declined as much as 3% today while the Dow Jones Index fell more than 200 points.

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About the Author

Michelle Jones
Michelle Jones was a television news producer for eight years. She produced the morning news programs for the NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spent a short time at the CBS affiliate in Huntsville. She has experience as a writer and public relations expert for a wide variety of businesses. Michelle has been with ValueWalk since 2012 and is now our editor-in-chief. Email her at

1 Comment on "Ukraine, Russia Tension Mounts, Some Speculate About World War III"

  1. misterbuckethead . | Mar 3, 2014, 8:03 pm at 8:03 pm |

    even including the words “world war 3” in this article, let alone the title, is a shameless display of attention whoring, speculation, and extreme exaggeration. absolutely nothing in this article (or in reality) suggests that this conflict will lead to any large scale military conflict. This will be handled as an issue of diplomacy backed up with military bluffs, a nation wide game of chicken with all parties involved. the threat of ‘world war 3,’ a terrifying propsect mind you, is far off (though not unreal) as of the current state of affairs. no country can afford it, the human race can’t afford it, and simply put if nuclear war were to break out between two sufficiently large countries it could very well spell the end of society as we know it. Dont put this fear and paranoia into peoples heads, thats exactly what the mainstream news does and thats why people get their news from sources that dont sensationalize and exaggerate things.

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