NZ shares fall as Russia recognises separatist regions

Putin has recognised two Ukrainian regions that are under the control of pro-Russian rebels as independent states. (Image: Depositphotos)

Dan Brunskill

Tue, 22 Feb 2022

New Zealand shares fell on Tuesday as Russia recognised two Ukrainian regions as independent states, which has been interpreted as creating an excuse for an invasion.The S&P/NZX 50 Index fell 41.7 points, or 0.3%, to 12,114.63. Turnover was $212 million.In a televised speech, Russian President Vladimir Putin recognised two Ukrainian separatist regions – Donetsk and Luhansk – as sovereign states and ordered troops into the territory as "peacekeepers".NZ’s foreign minister said she was concerned this was a "ca...

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