Page 45 - Russia Ukraine Conflict

UNGA condemns Russia's annexation of Ukrainian regions; India abstains

The United Nations General Assembly (UNGA) on Wednesday adopted a resolution condemning the Russian annexation of the four Ukrainian regions

Global wealth set to contract by over 2% this year, says report

"Monetary tightening is squeezing economies and markets - household wealth will feel the pinch," Allianz said the report. "In real terms, households will lose a tenth of their wealth."

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Ukrainian forces recaptures 5 settlements in southern Kherson region

Ukrainian forces recaptured five settlements in the southern Kherson region, according to the southern Operational Command. The villages of Novovasylivka, Novohryhorivka, Nova Kamianka, Tryfonivka and Chervone in the Beryslav district were retaken as of Oct 11, according to the speaker of the southern command Vladislav Nazarov. The settlements are in one of the four regions recently annexed by Russia. Meanwhile, Russia's top domestic security agency said Wednesday it arrested eight people on charges of involvement in the bombing of the main bridge linking Russia to Crimea, while an official in the southern Ukrainian city of Zaporizhzhia said Russian forces carried out more strikes there. The Federal Security Service, known by the Russian acronym FSB, said it arrested five Russians and three citizens of Ukraine and Armenia over Saturday's attack that damaged the Kerch Bridge between Russia and the Crimean Peninsula a crucial thoroughfare for supplies and travel whose much-ballyhooe

Zelensky calls for fresh sanctions on Russia over 'new wave of terror'

In the wake of Russian missile strikes all across Ukraine, President Volodymyr Zelensky has called for fresh sanctions against Moscow for "such a new wave of terror".

Ukraine war affected Asian economy; risk of fragmentation worrisome: IMF

The war in Ukraine has affected the Asian economy broadly in terms of trade and financial market uncertainties and inflation, a top IMF official said on Tuesday, warning that going forward the risk of fragmentation was quite serious in the Asia Pacific region. If you look at the (Ukrainian) war itself, there are multiple channels through which it has affected Asia. One, of course, is the falling external demand. Asia doesn't have many strong trade links with Russia. But Asian trade links with Europe are pretty high. To the extent that Europe is affected significantly by the war in Ukraine, it affects external demand for countries in Asia, Krishna Srinivasan, Director Asia and Pacific Department, International Monetary Fund (IMF) told PTI in an interview. The second area is on food and commodity prices, which have increased significantly since the war, he said. They had already gone up during the pandemic but had been intensified in the context of the war. That has implications for .

US weighs next moves on arms supply to Ukraine in 'escalatory cycle'

Ukraine will push for still more advanced weaponry when the US convenes a meeting of the Ukraine Defense Contact Group in Brussels today to marshal new support for hardware and supplies

Elon Musk denies speaking to Vladimir Putin on Russia-Ukraine conflict

Tesla CEO Elon Musk has denied reports that he spoke to Russian President Vladimir Putin before doling out a peace proposal on Twitter to end the ongoing war in Ukraine

NATO chief Stoltenberg says 'closely monitoring' Russia's nuclear forces

Nato's secretary general, Jens Stoltenberg, said the alliance is "closely monitoring" Russia's nuclear forces

UN, G7 decry Russian attack in Ukrainian cities as possible war crime

Russian forces showered Ukraine with more missiles and munition-carrying drones Tuesday after widespread strikes killed at least 19 people in an attack the UN human rights office described as particularly shocking and amounting to potential war crimes. Air raid warnings sounded throughout the country for a second straight morning as Ukrainian officials advised residents to conserve energy and stock up on water. Strikes in the capital and 12 other regions Monday caused power outages and pierced the relative calm that had returned to Kyiv and many other cities far from the war's front lines. It brings anger, not fear, Kyiv resident Volodymyr Vasylenko, 67, said as crews worked to restore traffic lights and clear debris from the city's streets. We already got used to this. And we will keep fighting. The leaders of the Group of Seven industrial powers condemned the bombardment and said they would stand firmly with Ukraine for as long as it takes. Their pledge defied Russian warnings tha

Targeting infrastructure and causing civilian deaths not acceptable: EAM

External Affairs Minister S Jaishankar said on Tuesday that targeting infrastructure and causing civilian deaths is not acceptable in any part of the world and emphasised on the need for both sides in the Ukraine conflict to return to the path of diplomacy and dialogue as "this conflict is not helping anybody at all." Jaishankar made the remarks while responding to questions after his address at the Lowy Institute on the growing importance of India's relationship with Australia and the interests that both countries share as members of the security-focused Quad. "We really think that targeting infrastructure and causing civilian deaths is not acceptable in any part of the world," Jaishankar said while responding to a question on Russia's missile strikes targeting key cities across Ukraine on Monday, including the capital Kyiv which is being seen as the most intense attack since the conflict started on February 24. Jaishankar emphasised on the need to return to the path of diplomacy a

Opportune time to stock up on gold as global inflation surges, rupee falls

Low prices and the underlying demand for the yellow metal, coupled with high inflation are positives

Japanese automaker Nissan says it is pulling out of Russia amid war

Japanese automaker Nissan Motor Co. said on Tuesday that it plans to sell its Russian operations to its local partner and withdraw from manufacturing there. The company said its executive committee approved the sale to Russia's Central Research and Development Automobile and Engine Institute, or NAMI. The sale includes Nissan's factory and R&D facilities in St. Petersburg and its sales and marketing centre in Moscow, it said. The company will operate under a new name. Nissan did not give a dollar value for the sale but said it would log a 100 billion yen (USD 680 million) impact" from its exit from Russia. While we cannot continue operating in the market, we have found the best possible solution to support our people," Nissan President and CEO Makoto Uchida said in a statement. Nissan began making SUVs in St. Petersberg in 2009. It suspended manufacturing in Russia in March after the invasion of Ukraine. The company said the terms of the sale give Nissan the option to buy back it

IMF lowers growth outlook for 2023 global economy to 2.7% amid Ukraine war

The International Monetary Fund is downgrading its outlook for the world economy for 2023, citing a long list of threats that include Russia's war against Ukraine, chronic inflation pressures, punishing interest rates and the lingering consequences of the global pandemic. The 190-country lending agency forecast Tuesday that the global economy would eke out growth of just 2.7% next year, down from the 2.9% it had estimated in July. The IMF left unchanged its forecast for international growth this year a modest 3.2%, a sharp deceleration from last year's 6% expansion. The bleaker forecast was no surprise. IMF Managing Director Kristalina Georgieva, noting the grim backdrop to this week's fall meetings of the IMF and the World Bank in Washington, warned that the risks of recession are rising'' around the world and that the global economy is facing a period of historic fragility.'' In its latest estimates, the IMF slashed its outlook for growth in the United States to 1.6% this year,

India votes against Russia's demand for secret ballot on Ukraine in UNGA

India voted to reject Russia's demand for a secret ballot in the UN General Assembly on a draft resolution to condemn Moscow's illegal annexation of four regions of Ukraine, with New Delhi favouring a public vote on the text along with over 100 other nations. The 193-member UN General Assembly on Monday voted on a motion by Albania that action on the draft resolution that would condemn Russia's illegal so-called referendums and attempted illegal annexation of the Donetsk, Kherson, Luhansk, and Zaporizhzhia regions of Ukraine be taken by a recorded vote. Russia had demanded that the resolution be voted upon by secret ballot. Moscow's demand for a secret ballot was rejected after 107 UN member states, including India, voted in favour of a recorded vote. Only 13 nations voted in favour of Russia's call for a secret ballot while 39 abstained. Russia and China were among the countries that did not vote. After the motion to hold a recorded vote was adopted, Russia appealed against the .

War, looming rate hikes hoist dollar, gilt wipeout hits Treasuries

Asian stockmarkets fell and the dollar rose on Tuesday with investors worried about rising interest rates and an escalation in the Ukraine war

Ukraine-Russia conflict: Experts assess Crimean bridge blast damage

Early on Saturday, local time, a massive blast shook the Crimean Bridge (also known as the Kerch Bridge)

US President Biden slams Russia for missile strikes across Ukraine

US President Joe Biden on Monday slammed Russia for missile strikes across Ukraine that killed at least 11 civilians. Russia on Monday unleashed a series of missile strikes against multiple Ukrainian cities in what Russian President Vladimir Putin said was in retaliation for Kyiv's terrorist actions -- a reference to Ukraine's attempts to repel Moscow's invasion forces, including an attack last weekend on a key bridge, prized by the Kremlin, between Russia and the Crimean Peninsula. These attacks killed and injured civilians and destroyed targets with no military purpose. They once again demonstrate the utter brutality of Putin's illegal war on the Ukrainian people, Biden said. Strongly condemning Russia's missile strikes across Ukraine, including in Kyiv, Biden offered condolences to the families and loved ones of those who were "senselessly killed", as well as his best wishes for the recovery of those who were wounded. These attacks only further reinforce our commitment to stand

Biden vows air defense systems for Ukraine after missile attacks by Russia

Joe Biden pledged to Ukraine President Volodymyr Zelenskyy that the United States will provide Ukraine with advanced air systems after a devastating missile barrage from Russia

As consulting firms enter tech, problems grow for Indian IT companies

European clients, which typically account for a quarter to a third of Indian firms' sales, are almost certain to cut their tech budgets - at least until the war in Ukraine comes to an end