THIS MESSAGE (MATERIAL) IS CREATED AND (OR) DISTRIBUTED BY A FOREIGN MASS MEDIA PERFORMING THE FUNCTIONS OF A FOREIGN AGENT AND (OR) A RUSSIAN LEGAL ENTITY PERFORMING THE FUNCTIONS OF A FOREIGN AGENT.
The consequences of the current crisis in Ukraine will have an impact on the entire global economy. In particular, slower growth and higher inflation, as well as trade disruptions, are to be expected.
Such a forecast is contained in a joint statement by the Managing Director of the International Monetary Fund Kristalina Georgieva, President of the World Bank David Malpas, President of the European Bank for Reconstruction and Development Odile Renault-Basso, President of the European Investment Bank Werner Hoyer, and Chairman of the Development Bank of the Council of Europe Carlo Monticelli, reports TASS.
The heads of the world’s financial institutions are also warning of cuts in energy and food supplies, rising prices and increasing poverty. that all these factors, as well as the need to restore Ukraine, “will hinder the recovery of the global economy after the pandemic.”
On February 24, Russian President Vladimir Putin made an emergency appeal to the Russians and announced a special military operation in the Donbass. In response to Russia’s actions, Western countries announced new, tougher sanctions against the Russian Federation, including those of a financial and economic nature.
You can follow the chronicle of events in connection with the situation in Ukraine here.
Source: Rosbalt
Tristin is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
