Russia vs Ukraine Conflict

Russia has launched full scale invasion of Ukraine.

The war has centred on the status of Crimea and parts of the Donbas, which are internationally recognised as part of Ukraine. Tensions between Russia and Ukraine erupted especially from 2021 to 2022, when it became apparent that Russia was considering launching a military invasion of Ukraine.

The diplomatic efforts by world leaders to resolve the crisis showed no sign of progress. The Ukraine-Russia conflict has taken the world politics, economy, and global market systems by storm.

Global equities slumped today while oil jumped to a seven-year high after Russian President Vladimir Putin ordered troops into breakaway regions of eastern Ukraine.

The Indian stock markets plunged sharply on Thursday as investors turned cautious after Russia announced a “special military operation” in Ukraine. Sensex tanked 1600 points while Nifty slipped below the 16,600 mark.