HONG KONG: Oil costs have plummeted to $100 and shelters were flooded when prices plummeted on Thursday after Russian President Vladimir Putin declared "military service" in Ukraine, fueling fears of a major conflict.

Markets were demolished this week after the Kremlin identified two rebel zones in eastern Ukraine and said it would provide "peacekeepers" to the areas, creating fire orders.

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The Russian president said in an unexpected announcement on TV: "I am determined to choose a strategic job."

He also promised revenge on anyone who interfered and approached Ukrainian troops to lay down their weapons.

Later there have been reports of explosions in Kyiv and various fragments of Ukraine and Moscow claiming to have focused on the framework of Ukrainian troops with straight weapons.

Russia is said to have as many as 200,000 warriors on the border with Ukraine, and Washington has long warned that Putin plans to attack.

Oil prices have risen by 5% when Brent is close enough to hit the $100 unprecedented since September 2014, while the shelters are flooded.

Gold has reached its highest level since January 2021, while the Japanese yen has risen sharply against the dollar and the Swiss franc has reached a five-year high in the euro.

The dollar has risen more than 6% against the ruble, which has been hit several times by pressure from the Russian economy, and the Moscow Stock Exchange says it has stopped trading.

In the value markets, Hong Kong, Sydney, Singapore, and Wellington lost almost 3%, while Seoul, Mumbai, Taipei, and Manila fell by more than 2%. Tragedy struck similarly in Tokyo, Shanghai, Jakarta, and Bangkok.

“It’s hard to come up with any intentions after the selloff to turn around as the tanks seem to be rolling,” said Jeffrey Halley of WANDA.

"Basic sanctions will be imposed on Russia and energy costs will rise temporarily."

Ukrainian President Volodymyr Zelensky had previously warned Russia that it could start a "major crisis in Europe" soon.

U.S. President Joe Biden has condemned the Russian action as "unnecessary and humorous", adding that it would create "catastrophic deaths and human suffering." More difficult authorizations will be reported, he said.

He was joined by pioneers from around the world, NATO delegates held a difficult meeting and the European Union said Moscow would be "held accountable".

Earlier, the United Nations was informed that a complete Russian offensive would have a dramatic impact on the world, which would soon begin to "evacuate emergency personals".

The fire hazard has caused markets to continue to prosper, as retailers are concerned about the supply of essential commodities, including wheat and metals.

"The pressures of Russia / Ukraine bring potential (European) shocks, and even more significant global shocks on the value of Russia and Ukraine in terms of strength, resilience, and critical products," said Tapas Strickland of the National Australia Bank.

This emergency comes as lawmakers struggle to contain an increase in the number of refugees prompted by the application as life returns after the closure of COVID-19 is delayed, with many fearing that the global financial crisis from the epidemic could be ended.

After setting a small bob on Wednesday in response to what is being considered a minor sanction against Moscow, Asian business sectors are back in the red following a sharp drop in Wall Street.

'Slip-ups' techniques

The crisis in Europe has given the country's authorities an account of another brain injury as they try to raise funds for the epidemic and devise a financial strategy.

Consideration is in every statement from Federal Reserve officials as they plan to increase their loan payments one month from now, with a view to how fast and difficult it will go.

Analysts say wagers are found in six buildings this year, falling from the previous gaps to seven, and say prices are rising sharply.

"Strategies have now been confirmed," Banrion Capital Management's Shana Sissy told Bloomberg Television.

"The investigation is not, 'Will there be an approach botch?', In any case, 'How bad will it be? Will the Fed go up too soon, will it load everything in advance?'

And with the decision to risk it, warnings are in full bloom for the next, with Lale Akoner of BNY Mellon Investment Management saying: "Expect uncertainty to continue in the coming months, not many."

Global risks were emerging "at a very difficult time", he added, as traders tried to test the repair of national banks.

Important figures around 0610 GMT

Brent North Sea Crude: A5.5% INCREASE at $102.20 per barrel

West Texas Intermediate: UP 54% at $97.04 per barrel

Tokyo - Nikkei 225: DOWN 1.8% to 25,970.82 (close)

Hong Kong - Hang Seng Index: 3.2% LOW at 22,914.50

Shanghai - Combination: 1.4% LOW at 3,438.79

Dollar / yen: UP to 114.58 yen from 114.96 yen late Wednesday

Euro / dollar: LOW at $1.1229 from $1.1308

Pound / dollar: LOW at $1.3493 from $1.3545

Euro / pound: LOW at 83.20 pence from 83.41 pence

New York - Dow: DOWN 1.4 percent to 33,131.76 (close)

London - FTSE 100: HIGH 0.1 percent of 7,498.18 (close)