US backs Russia instead of Europe for the first time in draft resolution by Ukraine – is this a shift in trade ties?

The United States' unprecedented support for Russia in blocking a draft resolution by Ukraine at the United Nations has sent shockwaves through the market as soon as the news surfaced today, February 25. For the first time in three years since Russia invaded Ukraine, the United States has come out in support of Russia.

The resolution called for "de-escalation, an early cessation of hostilities and a peaceful resolution of the war against Ukraine, marked by enormous destruction and human suffering, including among the civilian population, in line with the Charter of the United Nations and international law".
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