The director of the International Monetary Fund (IMF), Kristalina Georgieva, warned that the war in Ukraine will have repercussions on the world economic recovery.
Following Russia’s invasion of Ukraine, Georgieva said on Twitter that she 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.
Russian President Vladimir Putin began his invasion of Ukraine early Thursday morning, with bombardments and ground incursions by troops into various parts of the country, including near the capital, Kiev.
The attacks have already caused dozens of deaths in just a few hours and a barrage of international condemnations and reactions.
After the Russian advance, world markets felt the blow: stock markets fell and commodity prices rose.
There are several emergency meetings planned: the G7 met by videoconference; the 27 countries of the European Union (EU) will do so in the afternoon at a summit in Brussels; while NATO called a meeting for Friday.
Source: Gestion
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