The so-called distributed denial of service (DDoS) attack - which throttled Ukrainian websites with phony traffic - was coordinated and well-planned, officials said. DDoS attacks often disrupt access to IT systems, but their impact can be more psychological than having any direct effect on a country’s critical infrastructure. The way out of this highly dangerous situation is only possible via dialogue and confidence-building."Ī high-volume cyberattack that temporarily blocked access to the websites of Ukrainian defense agencies and banks on Tuesday was “the largest in the history of Ukraine,” but it’s too early to tell who was responsible, Ukrainian Minister of Digital Transformation Mykhailo Fedorov said at a news conference Wednesday. It remains clear, that the plan is to de-escalate," Baerbock added. "We will monitor closely whether these announcements will be followed by real action. "This contains the right of all people in all our countries to live free from fear of war."īaerbock said she welcomes Russian announcements of further negotiations and a partial withdrawal of Russian troops as a positive signal, if true. "Austria and Germany are sharing the same goal: Ensuring Ukraine's sovereignty and with this the European security architecture," Baerbock said. "Especially in such critical moments, we need OSCE to establish transparency and prevent dangerous misunderstandings," she continued. "The observing mission of OSCE is playing an important role, they are eyes and ears of the international community," Baerbock said in a joint press statement with Austrian Foreign Minister Alexander Schallenberg in Berlin. Natural gas is also rising sharply, with futures jumping nearly 7% to $4.60 per million BTU. “Investors justifiably believe the president of the largest democracy on the planet and the largest military alliance in the world," instead of Russian President Vladimir Putin, Yawger said. Yawger said those comments from Biden and NATO are renewing concern in the market about a conflict. Similarly, NATO Secretary General Jens Stoltenberg said Wednesday that despite “signs from Moscow” that diplomacy should continue, “we do not see any sign of de-escalation on the ground.” ![]() ![]() President Joe Biden expressed skepticism on Tuesday about Russia’s claims of removing troops. ![]() The US stock market also gave up some of its sizable gains from Tuesday, with the Dow falling 225 points, or 0.6%, and the Nasdaq losing 1%. Brent crude, the world benchmark, gained 2.6% to $95.75 a barrel. In recent trading, oil was up 2.7% to $94.57 a barrel. Some more context: US oil hit a seven-year high of $95.82 a barrel on Monday on Russia-Ukraine fears. They hoped for the best but there is no proof on the ground that pulling back is a reality,” said Robert Yawger, vice president of energy futures at Mizuho Securities.
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