Finally, Ukraine Russia conflict turned into a dangerous war. Once friends, these two countries have turned into bitter enemies. Russia was the one to attack first, while Ukraine is single-handedly defending itself. Russia is a giant, withholding more than 10 times Ukraine’s power. However, it is brave of Ukraine to keep the show on in spite of knowing the fact, that it will not be able to sustain this war for long. There is no one backing up Ukraine, it has to fight this war alone. Let us know more about Ukraine Russia latest news:
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Stock Market Update after the war began:
The Indian stock market opened with a positive note. NIFTY, SENSEX all the indices were green.
NIFTY – It opened at 16,515, it went up by 410.45 points, up by 2.53%.
SENSEX – It opened at 55321, it went up by 1328, up by 2.44%.
Overall Global stock market ended in the green. Thus Indian stock market was no different, in the beginning, it opened at 9 am with a 0.8% increase, the Bulls took over the market to spike it up further. The Bulls were pretty strong to push the market up, however the intensity was not as high as yesterday but it ended it good note.
Below are the sector indices and how they performed today:
|Nifty PSU Bank||4.69%|
Ukraine Russia War Updates so far
Ukraine Russia is everywhere, on news, trending on Twitter, memes, stock market. the Ukraine Russia news is making rounds almost everywhere possible across the globe. Russia’s army is progressing towards invading Ukraine. Below are the latest updates so far:
- Russians invade Chernobyl Nuclear Power Plant
Finally, Russians were able to invade Chernobyl Nuclear Power Plant which is located in Ukraine. It was only after long hours of battle that Russia was able to take control of the plant. This plant is not functional, it was decommissioned long back. Many Ukrainian soldiers die during this invasion.
- Indian PM Modi’s talk with Russia’s President Putin
Indian PM maintained a neutral approach, but he had a conversation with Putin to understand his perspective. PM Modi told him to avoid violence or war and take the route of negotiations through dialogues. As this was the only way to get the issues resolved at the earliest. He also discussed with him about the Indian residents and students residing in Ukraine, and how would they are planning for a safe evacuation process for them.
- US President Joe Biden’s statement on war
Joe Biden made it clear that he will not engage in war with Russia. he will take all the measures to limit the sanctions and will impose export controls over Russia. He said that he will do whatever it takes to protect NATO. NATO was already put on red alert after Russia’s invasion of Ukraine. He further said that he will be meeting members of G7 countries to discuss unjustified Russia’s attack on Ukraine, and will take measures to hold it accountable for the consequences.
Ukraine Russia news and its impact?
Russia Ukraine war is sure to impact countries across the globe. Common people will be impacted the most. Let us know the latest Ukraine Russia news:
- Crude oil prices are at all times high
Russia is the biggest exporter of crude oil. Due to this war, crude oil prices have spiked to $105 per barrel as of yesterday. This has been the highest price per barrel since 2014. The global market cannot afford to bear the crude oil scarcity situation.
- Gold prices are at all times high
The price of gold spiked to $1940 per ounce as of yesterday. In Indian rupees, it is Rs 52,500/- per 10 grams. Russia is the world’s largest producer of gold metal. With this war situation, forecasted disruption in gold supply led to inflated prices.
With the war in mind, things become blurry. Everything be it stock market, business, import or exports, political situations will become unpredictable with a huge element of uncertainty. This will impact the investors, businessmen, employees, companies, Governments to a great extent.
- Economic & Political instability
War amongst 2 countries is not an isolated affair. It does impact everyone on earth. Even though both countries do not want interference, the trickle-down impacts will affect us. Thus, making the economy unstable, affecting GDP, Net Income, and everything. Political conditions will change, as after all, it is a power game.
Reason for Russia’s attack on Ukraine?
On 24th Feb 2022 our mobiles, televisions, radio stations were bombarded with the news of Russia’s attack on Ukraine. Russia’s President Vladimir Putin announce early morning its intention to attack and ordered military operations in Eastern Ukraine’s Donbas. The motive stated was not to ‘capture ‘the Eastern European country but just to ‘demilitarize’. Right after the announcement, explosions were reported in Kyiv, the capital of Ukraine. Ukraine has adopted a defensive strategy from Russia’s attack. Ukraine’s President Volodymyr Zelensky openly told that they would defend themselves and surrender will not be an option. Though he makes a plea for peace.
Russia has good relations with Ukraine but things changed when Russia suspected Ukraine‘s intention to join NATO. Let us understand more about what is NATO and why is Russia so much afraid of Ukraine joining NATO?
NATO – NATO stands for North Atlantic Treaty Organization, also called the North Atlantic Alliance. It has twenty-nine members, mainly in Europe and North America. It is an intergovernmental military alliance based on the North Atlantic Treaty which was signed on 4 April 1949. In case of an attack by an external member, this group of countries will mutually help each other to respond defensively. Obviously, with so many countries in the mutual alliance, they will become more powerful than any other country.
Thus, there is a deep-rooted fear in Russia, that if Ukraine joins NATO, then it is easier for the group to invade Russia’s borders. It is possible that Ukraine may attempt to take back Crimea through the support of NATO. Basically, Russia wants the west to keep Ukraine out of NATO. Besides after the Soviet Union dissolved, Russia already lost control over 14 republics including Ukraine. The hunger for power plays a role here.
Just to wrap it up, the whole war was planned for months by Russia. It was just waiting for the right time to attack and compel Ukraine to surrender. The intensity of the attack was kept high so that there is no time left for other countries to intervene or Ukraine to get help. Thus, the high intense attack was meant to make Ukraine surrender, as both the countries know that Russia is way bigger than Ukraine in terms of army, weapons, troops, population, strength, and everything else. Russia is a shark, it can easily eat away a small fish like Ukraine.
This phase is temporary, the recovery of stock markets will take time, but it will recover will a bounce.
Let us know your updates on Ukraine Russia news?