“The magnitude of the humanitarian crisis unleashed by the war is staggering," said Anna Bjerde, the World Bank's vice president for the Europe and Central Asia region. "The Russian invasion is delivering a massive blow to Ukraine’s economy and it has inflicted enormous damage t...
KIEV, April 9 (Xinhua) -- The conflict between Russia and Ukraine, the world's major exporters of foodstuffs such as wheat, will impact 25 percent of the global grain market, a Ukrainian official said Saturday. The conflict will lead to a reduction in grain supplies, an increase in food ...
which needs them to withstand Russian attacks. Sanctions are complementary to such deliveries and export controls can have a meaningful effect on Russia’s war economy; therefore, the sanctions also support Ukraine.
Sun noted that Western assistance is another factor to affect the conflict. He explained that Ukraine is in dire straits right now, with nearly half of its fiscal expenditures having to be paid by the West. With the decreasing assistance from the Western countries, Ukraine has no choice but t...
How Will Ukraine-Russia War Affect Turkish Trade?doi:10.11616/asbi.1091695Sezgin, VolkanJournal of Abant Social Sciences / Abant Sosyal Bilimler Dergisi
As the second-largest oil producer and natural gas exporter, Russia’s war with Ukraine has severely impacted the energy market. To what extent has the war influenced crude oil prices, and has it altered the long-term dynamics of oil prices? An objective analysis of the effects of the Russi...
As the war in Ukraine unfolds, here’s what you need to know. Get the latest developments as Russia’s attacks continue.
Ukraine’s economy expected to contract by 45%, Russia’s by 8.9%: World Bank The World Bank expects Ukraine’s economy to be cut almost in half this year, as Russia’s invasion has crippled its industries, infrastructure, investment and population. ...
The war in Ukraine is "unlikely to end anytime soon" as Russia ramps up its efforts to debilitate Kyiv's defensive capabilities, the U.S.'s top intelligence official said Thursday, according to Reuters. Testifying before the Senate Armed Services Committee, Director of National Intelligence Avril...
Russia's invasion of Ukraine will not only affect the eastern European nation but the UK will also feel repercussions. Boris Johnson said theinvasion is a "catastrophe for our continent"after Russian tanks rolled into Ukraine. The attacks may be in a country more than 1,...