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Asian shares rose on Tuesday morning after China pledged to make renewed efforts to boost its economy on Monday, while investors pinned hope on more clarity ahead of a number of central bank meetings. MSCI's gauge of Asia-Pacific stocks outside Japan was up 0.47 per cent, with China's benchmark CSI300 Index and Hang Seng Index opening up 0.2 per cent each.
EU countries are also preparing to approve weakened emergency proposals to curb their gas usage
The ramp-up in tensions heightened fears that oil supplies from the world's second-largest producer could be disrupted
Crude oil jumped while the rouble plunged nearly 30% to a record low on Monday after Western nations imposed tough new sanctions on Russia for its invasion of Ukraine, including blocking some banks from the SWIFT global payments system.
Asian stocks give up early gains; US, Europe futures sink