OGZPY - Belarus warning Russian buildup prompts concern over European gas flows

Tensions are flaring in Eastern Europe, where a buildup of Russian forces is amassing near the Ukrainian border. The U.S. has sounded the alarm, warned EU allies that Moscow may be planning to invade Ukraine, though Russia said the military deployments are on its territory and denies any aggressive intentions. Back in 2014, Russian special forces were deployed to occupy Crimea during the Ukrainian Maidan revolution, though they ended up taking over government buildings and the republic was annexed by Russia following a disputed referendum. Forex movement: The ruble weakened on the latest developments, slipping 0.5% against the dollar to a six-day low. The currency also came under pressure this week after data showed that U.S. inflation had accelerated to a level not seen in more than 30 years. Fears of higher interest rates are expected to have a negative impact on emerging market currencies. The fresh warning over Ukraine comes on

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Belarus warning, Russian buildup prompts concern over European gas flows