Russian President Vladimir Putin ordered Russian military forces to carry out a “special military operation” in Ukraine, which the world saw as an invasion of Ukrainian territory.
As a result, the cryptocurrency market lost more than $180 billion in market value.
Amidst the tensions, Vitalik Buterin, co-founder of ETH, criticized this act calling it a “crime against the Ukrainian and Russian people”.
Despite being born in Russia, the 28-year-old programmer ended his statement by saying, “Glory to Ukraine.”
Reminder: Ethereum is neutral, but I am not.— vitalik.eth (@VitalikButerin) February 24, 2022
Furthermore, Buterin said he was “very upset” by Vladimir Putin’s decision to go to war with Ukraine. In his opinion, the military operation will have devastating consequences for Ukrainian and Russian citizens.
According to the co-creator of ETH, the conflict is unlikely to be resolved diplomatically. “I know there will be no safety,” he predicted grimly.
Russia vs Ukraine
The growing tension between the two nations has caused a huge disruption in the cryptocurrency and financial markets. It is yet to be decided how the “great nations” will approach the military conflict.
US President Joe Biden called Russia’s attack “unprovoked and unwarranted”. He also warned Putin of “other consequences” if the aggression does not stop soon.
In the same vein, Boris Johnson, the prime minister of the United Kingdom, also supported Ukraine. He said Britain would provide a package of military support to the attacked nation and impose tough sanctions on Russia.
NATO member states Poland, Estonia, Latvia and Lithuania have triggered NATO’s Article 4 to launch consultations within the alliance on Russia’s attack on Ukraine.
“The parties will consult each other whenever, in the opinion of any of them, the territorial integrity, political independence or security of any of the parties is threatened”, says Article 4 of the North Atlantic Treaty, which may justify a military response by the Otam in Russia.