Live updates: Ukraine-Russia crisis

Reznikov accused the Russian president of “waging a vile war all these years, hiding behind women and children.”Putin delivered a lengthy televised address on Monday evening, announcing his decision to recognize the independence of separatist-held parts of eastern Ukraine and ordering Russian forces to be sent in.Ukraine's Foreign Ministry said on Monday that by recognizing the "quasi-entities it had created" in Donetsk and Luhansk, Russia "has blatantly defied the fundamental norms and principles of international law."The ministry said Russia had "violated the sovereignty and territorial integrity of Ukraine within its internationally recognized borders," and urged the international community to apply sanctions.The ministry condemned the move in their Tuesday statement, saying it "sharply escalates the situation and can mean the Russian Federation’s unilateral withdrawal from the Minsk agreements," the 2015 pact that established a shaky ceasefire in the region and banned heavy weapons near the Line of Contact.The statement also urged the West to apply heavy financial pressure on Russia to prevent further aggression. S&P; 500 futures were down about 2.3%, while Nasdaq futures were down 3.3%.From CNN’s Joseph Ataman in Paris and Pierre Bairin in BrusselsThe European Union will decide on what sanctions to impose on Russia “this afternoon,” EU High Representative Joseph Borrell told reporters on Tuesday.Borrell said he has called for an emergency informal meeting of European Union foreign ministers this afternoon to discuss the European response to Russian President Vladimir Putin’s ordering Russian troops into two separatist pro-Moscow regions in eastern Ukraine after recognizing their independence on Monday.“I wouldn’t say that this is a fully-fledged invasion but Russian troops are on Ukrainian soil,” he added. From CNN’s Yong XiongChinese Foreign Minister Wang Yi expressed "concern" about the situation in Ukraine in a phone call with US Secretary of State Antony Blinken, according to a statement Tuesday from China's Ministry of Foreign Affairs.“The purposes and principles of the UN Charter should be upheld,” Wang said, adding that the situation in Ukraine is "closely related to the delay" in implementing the Minsk agreement, referring to a 2015 set of protocols designed to end conflict in eastern Ukraine but which have never been been fully implemented.China urged all parties to "exercise restraint, recognize the importance of implementing the principle of indivisible security, ease the situation and resolve differences through dialogue and negotiation,” Wang said, according to the statement.He added that China will continue its contact with "all parties based on the merits of the matter."The China-Russia friendship: Beijing is navigating a complex position as it attempts to balance deepening ties with Moscow with its practiced foreign policy of staunchly defending state sovereignty.Though not military allies, China and Russia have been presenting an increasingly united front in the face of what they view as Western interference into their respective affairs and regions.Read more:From CNN's Akanksha SharmaUkrainian Minister of Defense Oleksii Reznikov said early Tuesday that “we remain confident and calm,” following Russia’s move to order troops into two separatist pro-Moscow regions in eastern Ukraine.In a tweet early Tuesday on his official account, Reznikov added that by recognizing the two regions as independent on Monday, the “Kremlin recognized its own aggression against Ukraine.”From CNN's Stephanie Halasz in LondonIn a statement Monday, Finland President Sauli Niinistö condemned Russia's move to order troops into two separatist-held pro-Moscow regions of eastern Ukraine.Russia's actions "violate Ukraine's sovereignty and territorial integrity," said the statement from the president's office, adding that it marked “a serious breach of the Minsk agreements."What is the Minsk agreement?