The world is watching what happens in Eastern Europe after the outbreak of a military intervention by Russia in Ukraine, After that, the director of the International Monetary Fund (IMF), Kristalina Georgievwarned this Thursday, February 24, that the war will have repercussions on the world economic recovery.
Through his Twitter account, georgieva he said on Twitter that Russia’s invasion of Ukraine was “deeply concerned” and warned that this “adds significant economic risk to the region and the world.”
“We are evaluating the implications and are prepared to support our members as needed,” he added.
Despite this, Russian President Vladimir Putin said that Russia does not plan to “occupy” its neighbor after military forces entered the country, accompanied by missiles and artillery fire, but that action was necessary after the United States and its allies crossed Russia’s “red line” by expanding the NATO alliance.
The European Union, the US and the UK have promised tougher sanctions against Russia’s economy and financial sector.
After the Russian advance, world markets felt the blow: stock markets fell and commodity prices rose.
This triggered oil prices to break above $100 a barrel for the first time since 2014, stock markets plunged globally, and the ruble hit a record low.
Source: Larepublica
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