Dow Drops Over 200 Points Amid Russa-Ukraine Tension
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The Dow Jones opened down over 200 points after Vladimir Putin lowered the threshold for using nuclear weapons and Ukraine fired the first US-made missiles into Russia.
Dow Jones Industrial Average plunged nearly 350 points Tuesday morning after Russian President Vladimir Putin lowered the bar for the use of nuclear weapons. That came just days after President Joe Biden signed off on the use of American-made long-rage missiles by Ukraine.
Vladimir Putin revised nuclear doctrine that lowers the threshold for nukes to be used in self-defense.
Russian President Vladimir Putin signed a revised nuclear doctrine on Tuesday stating that any attack on Russia supported by a country with nuclear power could be grounds for a nuclear response.
Putin signed the new policy on the 1,000th day of the war with Ukraine and the day after President Biden authorized Ukraine to use U.S.-supplied longer-range missiles to strike inside Russia.
The doctrine also states that Russia could respond to aggression against its ally Belarus with nuclear weapons, The Associated Press reported.
Though the doctrine doesn’t specify that Russia will definitely respond to such attacks with nuclear weapons, it does mention the “uncertainty of scale, time and place of possible use of nuclear deterrent” as key principles of deterrence.
Ukraine used US-made long-range missiles for the first time to strike inside Russia.
Ukraine has conducted its first strikes inside Russian territory with U.S.-made long-range ATACMS missiles, according to Russia’s Ministry of Defense.
On Telegram, Russia’s Ministry of Defense posted that on Nov. 19 at 03:25, the “enemy launched strikes by six ballistic missiles targeting a facility in Bryansk region.”
It said that according to confirmed data,“U.S.-made ATACMS operational-tactical missiles have been used.”
