Russia attacks Ukraine, stock markets crash
According to foreign media, after the invasion of Ukraine by Russia, oil prices in the world market have exceeded 100 per barrel. While the price of gold per ounce has risen to 16, the global stock exchanges are also witnessing a sharp decline. Japan, Australia, China, Singapore, and other stock exchanges have fallen by as much as 3 percent.
Cryptocurrency trading has also plummeted after the Russian invasion of Ukraine, with the value of the bitcoin falling more than 6% to almost 35,200.
Meanwhile, the Ukrainian army has claimed to have shot down a Russian plane in eastern Ukraine. According to media reports, Russia has temporarily suspended flights to several airports until March 2nd, as the Moscow Exchange has suspended trading in all markets.
According to the Ukrainian Foreign Minister, Russia continues to attack military installations in Ukraine.
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The U.S. president has contacted the Ukrainian president, who says the G7 leader, the U.S. ally, will impose tough sanctions on Russia. The United States has strongly denied the allegations in a statement issued Friday, that similar, baseless allegations concerning Russia’s intelligence have been made more than once. Biden briefed the Ukrainian president on the steps being taken against Russia and said he would continue to help Ukraine and its citizens.
Canadian Prime Minister Justin Trudeau has called on Russia to suspend its operations in Ukraine. He said that with Russia withdrawing all military and proxy forces, Russia’s actions would have serious consequences. Canada will take additional action to stop Russia’s unwarranted aggression.
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NATO chief Jens Stoltenberg condemned the Russian attack, saying NATO allies would meet to deal with Russia’s latest move. According to the head of NATO, while standing with the people of Ukraine in this difficult time, NATO will do everything possible to protect and defend its allies.
At an emergency meeting of the United Nations Security Council (UNSC), the Chinese ambassador expressed concern over the Ukraine attack, saying that Ukraine is currently in a critical situation. The door to a peaceful solution to the Ukraine problem has not closed completely, nor should it close, at this time it is necessary to avoid escalating the conflict. Adding that China will continue to promote dialogue in its own way.
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