How Russia’s invasion of Ukraine rocked commodity markets
25 March 2022 | 7:38 am
The war in Ukraine has wreaked havoc on the global economy as the world reels from high energy and metal prices. As the war rages, DW looks at the fallout on commodity markets since the February 24 invasion.
In Ukraine the destruction continues and the death toll increases. Tonight we are focusing on the humanitarian situation. This Monday, day 19 of the Russian invasion, there have been strikes on residential buildings on the outskirts of Kyiv. A Russian vice squeezing the Ukrainian capital.
Russia this week widened its military offensive in Ukraine. For the first time, Russian forces have begun striking targets in the west of the country. But in addition to bombarding new cities, Russia is continuing its bombardment of Mariupol in the south, as well as Sumy and Kharkiv to the northeast. Satellite images of the long-awaited Russian convoy suggest that it is attempting to encircle the capital, Kyiv.
As concerns grow over Russia's ability to meet its debt obligations, IMF chief Kristalina Georgieva says a default is no longer seen as "improbable". Also, lockdowns in China send shares in Hong Kong plummeting, and the French economy adjusts to higher fuel prices.
A stark warning from the United Nations, which says the conflict in Ukraine could lead to a global food shortage - due to rising prices and an inability to plant crops. Both Russia and Ukraine export large amounts of grain to Africa and the Middle East. Meanwhile, further sanctions have been announced against Russia, while hundreds of international firms have suspended their operations in the country. Sergei Guriev, professor of economics at Sciences Po in Paris, joins us to discuss this.
We examine the role played by Western allies in the Ukraine conflict. We're asking: what will NATO do next? There was more destruction in and around Kyiv this Tuesday. So what will NATO do? It is a question many observers are asking. Most importantly, it is the only question people in Ukraine want answered.
The invasion of Ukraine by Russian forces has unleashed a wide range of responses from leaders of countries across Asia.
Officials said the theater's bomb shelter, where hundreds of civilians had been hiding when an airstrike hit, withstood the attack. Survivors are believed to be trapped underneath.
The United States Federal Reserve has raised interest rates for the first time since 2018, as it tries to cool inflation, which is running at the highest level in 40 years. The Chair of the central bank, Jerome Powell, said the implications of the Russian invasion were "highly uncertain", pointing to the risk of disruption to supply chains. Also today, we look at details of the French government's plan to ease the economic impact of the war in Ukraine.
Three weeks ago at dawn, Russian President Vladimir Putin declared the start of a "special military operation" in Ukraine. Since then, Ukrainian forces have fought back against the full-scale invasion. Some 3 million people have already fled the country, and the UN estimates that 2 million more are internally displaced. FRANCE 24's Rob Parsons, Clovis Casali and Abdallah Malkawi went to meet Ukrainian soldiers, as well as regular citizens – some trying to flee, others choosing to stay and resist.
The war in Ukraine continues to rage while Ukrainian and Russian negotiators talk. Experts say that for now neither side is ready for a breakthrough and fear that the war will last a very long time.
Japanese Prime Minister Fumio Kishida pushed for India to take a tougher line or Russia while meeting Narendra Modi in New Delhi. India has not directly condemned Russia's invasion of Ukraine.
Sviatlana Tsikhanouskaya, who went into exile following the disputed 2020 presidential election in Belarus, talks with DW about relations between Moscow and Minsk — and the assault on Ukraine.
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