Underlining India’s concerns over the ongoing conflict between Russia and Ukraine, India’s permanent mission to the UN, Pratik Mathur said that India supports all the diplomatic efforts to end the conflict through talks between Ukraine and Russian federation as it has resulted in the loss of numerous lives. “We support […]
Russia-Ukraine conflict affects China’s BRI projects in Central and Eastern European countries
China’s ’17+1 initiative’ was severely impacted following the ongoing war in Ukraine, as most of the Central and Eastern European (CEE) countries have started to become wary of foreign powers, including China. The ’17+1 initiative’ was formed in 2012 by the Chinese Ministry of Foreign Affairs to promote the business […]
Denmark votes to join EU defence pact amid concerns over Russia-Ukraine conflict
Denmark has voted to join the European Union’s defence pact and scrap its 30-year-old opt-out from the bloc’s common security and defence policies. In a referendum held on Wednesday, a vast majority, or 66.9 per cent, of Danish citizens, have voted for the move, according to the preliminary results from Statistics Denmark, […]
Chinese economy continues to face pressure due to Covid, Russia-Ukraine conflict
Chinese economy is under pressure due to stringent curbs to curtail the COVID pandemic, which is adversely affecting production capacity and other logistics. Aside from the disruptions caused by the zero covid policy, the war in Ukraine is adding to the woes of the world’s second-largest economy. China’s exports registered […]
Edible oil prices soar as Russia-Ukraine conflict hits sunflower oil import
The prices of edible oil are soaring as the import of sunflower oil from Ukraine and Russia has stopped amid the ongoing war between the two countries. Kanhaiya Lal Gujrathi, Director, Poona Merchant’s Chamber, told ANI, “The oil prices have increased by around Rs 300 to Rs 400 per 15 […]
Russia-Ukraine conflict will worsen global semi-conductor shortage: Moody’s
The ongoing Russia-Ukraine military conflict and the geopolitical and economic uncertainties are likely to further worsen the global semi-conductor shortage, Moody’s Analytics said in a report on Friday. COVID pandemic has caused shipping costs to skyrocket over 300 per cent and will continue to be high due to the scarcity of new […]
Russia-Ukraine conflict: Fighting stops in Zaporizhzhia, radiation levels normal
Fighting has stopped near the Zaporizhzhia Nuclear Power Plant on Friday and radiation levels are currently normal. Zaporizhzhia power plant spokesperson Andrey Tuz said the plant has not sustained any critical damage, although only one power generation unit out of six is operational as the fire continued at the facility As per […]
Govt worried about impact of Russia-Ukraine conflict on India’s exports: Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman on Monday said the government is worried about the impact of the Russia-Ukraine conflict on India’s foreign trade, particularly farm sector exports. In a post-budget interaction with business and industry leaders in Tamil Nadu, Sitharaman said the government is closely monitoring the evolving situation in the Russia-Ukraine […]