The US dollar soared to 20-year highs early on Wednesday amid growing investor concerns after Russian President Vladimir Putin accused the West of “nuclear blackmail” and ordered a limited mobilization of reservist troops to protect the country’s territorial integrity.

The United States is in “deep” talks with India over its reliance on Russian arms and energy, a US State Department official said on Tuesday, according to CNN. “India is heavily, heavily dependent on Russia, and that’s something that they did to themselves over some 40 years: first their military and then their energy dependence,”…

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