The escalation of geopolitical tensions due to the Russia-Ukraine war delivered a brutal blow to the global economy, including supply chain and logistics disruptions, elevated inflation and bouts of financial market turbulence, Reserve Bank of India Deputy Governor Michael Patra said on Friday. “Emerging market and developing economies (EMDEs) are bearing the brunt of these geopolitical spillovers as I speak, despite being bystanders. Capital outflows and currency depreciations have tightened external funding conditions, and along with elevated debt levels, put their hesitant and incomplete recoveries in danger,” said Patra, addressing an event by industry body PHD Chamber of Commerce. Patra added that heightened volatility in financial markets and surges in prices of commodities — especially of energy, metals, grain futures and fertilisers — have accentuated risks to growth, inflation and financial stability. “Like other emerging market economies (EMEs), India too faces major … [Read more...] about Russia-Ukraine War Delivered Brutal Blow To Global Economy: RBI Dy Governor Michael Patra
Russia ukraine war
Russia-Ukraine live updates | Russians focus firepower to seize 2 villages in east Ukraine
Amid the ongoing war between Russia and Ukraine , a key Ukrainian city Severodonetsk was under ‘massive’ Russian bombardment recently. As per reports, despite fierce resistance from the outgunned Ukrainian military, the Moscow troops have been pummelling eastern Ukraine for weeks and are slowly advancing. With Russian President Vladimir Putin’s forces tightening their grip on the strategically important city of Severodonetsk in the Donbas , its twin city of Lysychansk is now coming under heavier bombardment. As per news agency AFP , Moscow is seeking to seize a vast eastern swathe of the country after being pushed back from Kyiv and other parts of Ukraine following their February invasion. Meanwhile, amid the crisis, German Chancellor Olaf Scholz said on Wednesday that Ukraine and Russia are a long way from ending the war through negotiations. He further added that Putin wrongly believed he could dictate the terms of peace. Kyiv Russians focus firepower to seize 2 … [Read more...] about Russia-Ukraine live updates | Russians focus firepower to seize 2 villages in east Ukraine
Just 40% Still Support Russia Sanctions If They Mean Rising Prices
While the vast majority of Europeans support sanctions against Russia over the invasion of Ukraine, less than half support the sanctions if they directly lead to a rise in prices, which present experience suggests they are. The Eurobarometer survey revealed that if sanctions against Russia were to increase the price of food and energy just 40 per cent of Europeans would support them and 60 per cent said they were not prepared to deal with the possible consequences of sanctions. Some countries are more accepting of possible consequences of Russian sanctions, such as Finland where just 30 per cent said they were not prepared to support the sanctions if prices rise as a result, broadcaster Yle reports . Italy may be forced to ration gas supplies due to the country’s reliance on supplies from Russia, which could lead to businesses and households not being allowed to use air conditioning this summer. https://t.co/m9nb8pnbCK — Breitbart News (@BreitbartNews) March 26, … [Read more...] about Just 40% Still Support Russia Sanctions If They Mean Rising Prices
Russia launches thermobaric warheads at Ukrainian targets: Report
A Russian thermobaric multiple rocket launcher that is mounted on a tank chassis fired at Ukrainian targets with devastating effects, according to reports from Russia military. The TOS-1A "Solntsepyok" vehicle, which has a multiple rocket launcher mounted on a T-72 tank chassis, is being deployed somewhere in Ukraine and reportedly firing thermobaric warheads at Ukrainian targets, as images reportedly show. The vehicle can be seen sporting a white "Z" daubed its side. The "Z" is one of the symbols, as well as the letters "V" and "O" that can be seen painted on Russian military vehicles taking part in the invasion of Ukraine. The footage then cuts to an aerial view, reportedly showing the missiles exploding as they hit the ground. The video then shows missiles being fired at night before the footage ends. The images were obtained Friday from the Russian Ministry of Defense (MoD) along with a statement saying that they show "the combat work of the crews of heavy TOS-1A … [Read more...] about Russia launches thermobaric warheads at Ukrainian targets: Report
War-stricken pets await new life at Kyiv shelter
Ukrainian vet Nataliya Mazur cradles Murzik, a big green-eyed tabby, in her arms at a makeshift animal rescue shelter in Kyiv. The three-year-old cat comes from Bucha, a suburb of the Ukrainian capital now synonymous with alleged Russian war crimes since Moscow launched its invasion of Ukraine nearly four months ago. “His owner in Bucha survived shelling and the occupation,” Mazur explains. “But eventually she died. She couldn’t endure the situation.” Murzik’s fate is shared by animals across the country, who have suffered alongside humans since Russia invaded on Feb 24 despite great lengths to save them. Footage of Ukrainian civilians evacuating their devastated homes with their beloved dogs and cats in their arms went viral at the start of the conflict. But like people who stayed behind, animals have been killed or wounded by Russian shelling. Many have lost their homes or owners. Other pets have been lucky. Rescued by civilians or soldiers and brought to shelters … [Read more...] about War-stricken pets await new life at Kyiv shelter
Russian TV fury at alleged images of U.S. diplomat’s middle-finger selfie
A Russian politician ripped into an alleged image of a diplomatic employee of the U.S. Naval Attaché in Moscow, who reportedly took a picture of himself pointing a middle finger at a symbol of Vladimir Putin 's war: "Z." Aleksey Zhuravlyov, leader of the nationalist party Rodina (Motherland), which is part of Russia's managed opposition, expressed his outrage during an appearance on the Russia-1 program, 60 Minutes . "Let this bi**h step out one more time. We're going to find him. Step out, ride out of the embassy! I'll personally explain to you, b****rd, what kind of a country you're in and how you're supposed to treat these symbols," the Duma deputy said. "If you don't manage to do this, then our activists will do that. Go for a ride, we're waiting for you, b****rd!" "This is a direct threat from me," the Russian lawmaker warned. "And you, b****rd, will know what country you're in. You will find out." The program 60 Minutes pushes the Kremlin line on the Putin's … [Read more...] about Russian TV fury at alleged images of U.S. diplomat’s middle-finger selfie
Russia Offers Help to India in Organising Olympic Games
With the hosting rights for the Olympics in the years 2024, 2028, and 2032 awarded to Paris, Los Angeles and Brisbane respectively, India has expressed interest in bringing the 2036 edition of the athletic spectacle to the sub-continental shores. Narinder Batra, President of the India Olympic Association (IOA), presented a multi-city bid for the events centred around the city of Ahmedabad as its focal point. And a couple of months ago, Gujarat’s advocate general informed the court the preparations to put together a bid for the 2036 event were ongoing and that the Olympic committee will visit the country for evaluations in the year 2025. As world nations and sporting federations continue to shun Russia from sporting events for the ongoing war in Ukraine, the country has offered to extend a helping hand to India’s attempt at hosting the prestigious quadrennial event if the International Olympic Committee backs it. Archery World Cup Stage 3: Indian Women's Team Storms Into Final … [Read more...] about Russia Offers Help to India in Organising Olympic Games
BRICS nations call for Ukraine-Russia talks in declaration
AFP Beijing, China ● Fri, June 24, 2022 2022-06-24 19:50 0 53ea05b5fe2e13733519dbf4e32f6874 2 Asia and Pacific BRICS,Russia,India,China,Vladimir-Putin,Xi-Jinping Free An influential group of emerging economies said they backed talks between Moscow and Kyiv, at the end of a two-day summit held against the backdrop of Russia's war on Ukraine. Beijing has been hosting a virtual forum of the BRICS nations -- Brazil, Russia, India, China and South Africa -- which account for over 40 percent of the global population and nearly a quarter of the world's gross domestic product. Three members -- China, India and South Africa -- have abstained from voting on a UN resolution condemning Russia's invasion, and President Vladimir Putin has urged them to snub Western countries appalled by the attack on a European neighbour. The five countries said in a declaration issued late Thursday that they "support talks between Russia and Ukraine" but did not lay out a … [Read more...] about BRICS nations call for Ukraine-Russia talks in declaration
War in Ukraine: Judo Federation Removes Titles from Vladimir Putin, Russian Oligarch
The International Judo Federation has removed the titles and jobs Vladimir Putin and a long-time Kremlin-supporting oligarch held at the organization. “The International Judo Federation announces that Mr. Vladimir Putin and Mr. Arkady Rotenberg have been removed from all positions held in the International Judo Federation,” the Budapest-based governing body said in a statement late Sunday. Putin’s honorary presidency of the IJF was suspended last week with the organization citing “the ongoing war conflict in Ukraine.” The Russian president is an avid judoka and attended the sport at the 2012 London Olympics. Rotenberg is a long-time friend of Putin from their home city of St. Petersburg and was a member of the IJF executive committee as “development manager.” Read all the Latest News , Breaking News and Assembly Elections Live Updates here. … [Read more...] about War in Ukraine: Judo Federation Removes Titles from Vladimir Putin, Russian Oligarch
France Rejects Non-Ukrainians Who Fled Invasion, Asks Them to Leave
Non-Ukrainians who fled in the wake of Russia’s invasion should go home rather than claim refugee status in France, the country said. France, along with many other countries, saw the arrival of non-Ukrainians who fled the country during the Russian invasion, many of which were foreigners studying abroad in Ukraine. However, unlike Ukrainian nationals, France has not granted their requests to stay in the country and many were only granted a residency of one month in France, compared to a six-month renewable residency permit given to Ukrainians, the European Union-funded website InfoMigrants reports . Gérard Sadik, an asylum specialist at the NGO Cimade, spoke about the situation for the non-Ukrainian nationals saying, “For the authorities, the country of nationality of these people is not at war so they risk nothing if they are sent home.” Cimade, along with several other NGOs and other groups, slammed France earlier this month for a “double standard” regarding … [Read more...] about France Rejects Non-Ukrainians Who Fled Invasion, Asks Them to Leave