Russian President has ordered a full-scale invasion of Ukraine, and reports of explosions all the country are coming thick and fast. Markets have been convulsing, with the safe-haven US dollar and Japanese yen gaining ground alongside gold and oil – the latter is a major Russian export. Stocks and risk currencies are falling fast.

Here are live updates of the developments in Ukraine, market reactions, and quick analysis of the fast-moving events in Eastern Europe, which are having massive global effects.