Maersk, the Danish shipping giant, has chosen to temporarily halt operations in Russia, expressing its "deep concern" at the escalation of the Ukrainian crisis. "New Maersk bookings to and from Russia will be temporarily suspended, with the exception of groceries, medical and humanitarian goods," the business stated in a statement, according to media reports.

According to the statement, Maersk will continue to monitor the situation and will keep "customers informed during today and the coming days as we proceed on the planning."

Also, the US President Joe Biden announced during his State of the Union speech on Tuesday that the United States will close its skies to Russian aircraft, while also threatening Russia and its oligarchs with more pain as retaliation for their invasion of Ukraine.

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