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One year of Russia's invasion of Ukraine: the impact on world economy 

One year since Russia invaded Ukraine, the war continues and there seems to be no end in sight.&nbsp; Economies around the world are still facing the impact of the war. Here's a look at what the global economic ramifications of the war have been.&nbsp;

Its exactly one year since Russia invaded Ukraine. Russian President Putin called it a 'special military operation'. One year on, the war continues and there is no end in sight. As per reports atleast 150,000 people on each side have died. The ecnomic ramifications have also been immense. Ukraine itself has seen economic output contract about over 30%. Not just Ukraine, over the past year, the war has caused multiple shocks to the global economy. As per estimates, the war could cost the global economy about $2.8 trillion in terms of lost output. Russia and Ukraine together constitue a large part of the world's energy and food supply. The war&nbsp; disrupted wheat, barley and cooking oil supplies from Ukraine and Russia, to Africa, the Middle East and parts of Asia.
Infact both countries account for 25% of the world's wheat imports. In fact, Ukraine, known as "breadbasket of the world", was unable to continue with its supplies, sending food prices soaring across the world.&nbsp;
The spikes in energy and food prices led to inflation spiking to a multi-decade high of 9% in the U.S. and over 10% in Europe. The Food and Agriculture Organization says its food price index reached a record high in 2022, up by 14.3% from 2021.
Supply chain disruptions, which were still prevalent from the pandemic, once again saw a set back. As a result, there was a spike in both food and energy prices.&nbsp;
However, now, supply chains have returned to pre-war levels. As per Moneycontrol, the Baltic Dry Index was as high as 5,650 in early October 2021 before it fell to under 1,300 by the end of January 2022. However, the Russia-Ukraine war pushed the index over 3,000 by May 2022. It has since collapsed to under 1,000. This index measures the average price of shipping dry bulk across several routes and is considered a lead indicator of economic activity.
The World Bank has warned that the global economy could slip into recession in 2023. 
&nbsp;

'PM mediates in Russia-Ukraine war but...': Sanjay Raut targets PM Modi

'Mediates in Russia-Ukraine war but...': Sanjay Raut targets PM Modi

Raut also said that the border dispute between Maharashtra and Karnataka was a struggle for humanity, and not a fight between people and governments of the two states.

Shiv Sena (UBT) leader Sanjay Raut on Sunday said that on the one hand Prime Minister Narendra Modi mediates in the Russia-Ukraine war, while on the other he turns a blind eye to the simmering Maharashtra-Karnataka border dispute, which is "not a sign of a good politician".
In his weekly column 'Rokhthok' in the party mouthpiece Saamana, Raut also said that the border dispute between Maharashtra and Karnataka was a struggle for humanity, and not a fight between people and governments of the two states.
Maharashtra has been long claiming Belagavi and surrounding border areas in north Karnataka as they have a sizable Marathi-speaking population. The decades-old border dispute resurfaced again after Karnataka Chief Minister Basavaraj Bommai recently claimed that some villages in Sangli district in Maharashtra have passed a resolution to become a part of the southern state owing to lack of basic facilities there.
"The struggle of the Marathi-speaking population in Belagavi and nearby areas who were included in Karnataka against their wishes during the reorganisation of states, cannot be crushed cruelly," Raut said.
Also watch: <a href="https://www.editorji.com/india-news/local/aiims-server-attack-delhi-police-seeks-info-on-china-hong-kong-based-ip-addresses-1671354310317">AIIMS server attack: Delhi Police seeks info on China, Hong Kong-based IP addresses</a>
If the central government and the Supreme Court cannot resolve the issue, where should one seek justice from, the senior leader of the Shiv Sena (Uddhav Balasaheb Thackeray) asked.
"PM Modi mediates in the Russia-Ukraine war, but turns a blind eye to the Maharashtra-Karnataka border dispute. This is not a sign of a good politician," he alleged.

Russian targets Ukraine power grids in fresh attack; civilian deaths in Ukrainian shelling: report

Emergency blackouts in Ukraine as Russia fires fresh missiles

At least 8 people were killed and 23 wounded in Lantrativka. While another civilian was killed due to Ukrainian shelling in Svatove town, a Russian-installed official said.

At least 8 people were killed and 23 wounded in Lantrativka. While another civilian was killed due to Ukrainian shelling in Svatove town, a Russian-installed official said

In fresh strikes by Russia, dozens of missiles were fired at power infrastructure in war-torn Ukraine.
Reuters reported that the latest strikes forced shutdown of emergency power in Ukraine amid freezing winters.
A Ukraine official said that Russian forces attacked with 60 missiles in fresh strikes at country's energy infrastructure in at least three cities.
Also watch: <a href="https://www.editorji.com/world-news/russia-planning-new-attack-on-kyiv-with-200-000-fresh-troops-says-ukraine-1671161607314">Russia planning new attack on Kyiv with 200,000 fresh troops, says Ukraine</a>
Meanwhile, officals in Russia-controlled eastern Ukraine said that several civilians died as a result of Ukrainian shelling in at least two areas, Reuters added.
At least 8 people were killed and 23 wounded in Lantrativka area of Luhansk, Russian-installed officials claimed. While another civilian was killed due to Ukrainian shelling in Svatove town.
Russian forces launched at least 60 missiles across Ukraine on Friday, officials said, reporting explosions in at least four cities, including Kyiv.
At least two people were killed by a strike on a residential building in central Ukraine, where a hunt was on for survivors.
Electricity and water services were interrupted in the capital and Ukraine's second-largest city, Kharkiv. Thousands of people sought shelter in subway stations deep underground during the bombardment.
The Kyiv city administration said Ukraine's capital had withstood &ldquo;one of the biggest rocket attacks&rdquo; launched by Russian forces since they invaded Ukraine nearly 10 months ago.
The administration said Ukrainian air defence forces shot down 37 of &ldquo;about 40&rdquo; that entered the city's airspace. One person was injured, it said.
Thudding blasts and gunfire from air-defense systems echoed across the country as authorities on social media reported explosions and missile strikes in the city and southern Kryvyi Rih, southeastern Zaporizhzhia, and northeastern Kharkiv.
Air raid alarms sounded across the country, warning of a new barrage of the Russian strikes that have occurred intermittently since mid-October.
Ukrainian Air Force spokesman Yurii Inhat told Ukrainian TV that more than 60 missiles had been fired, but it wasn't immediately clear how many missiles the Ukrainian army managed to intercept.
Ihnat said Russian forces had fired cruise missiles from positions in the Black Sea, and used bomber aircraft as part of an effort to &ldquo;massively distract the attention of the anti-aircraft defence, keeping it in tension&rdquo;.
At the site of one attempted strike in Kyiv, military commanders told The Associated Press that the city's territorial defense mobile group had unexpectedly &mdash; almost unbelievably &mdash; shot down a cruise missile with a machine gun
(With PTI inputs)

Russia planning new attack on Kyiv with 200,000 fresh troops, says Ukraine

"The Russians are preparing some 200,000 fresh troops. I have no doubt they will have another go at Kyiv," he said in the interview.

The commander-in-chief of Ukraine's armed forces expects a new Russian attack on Kyiv in the early months of 2023, according to an interview with The Economist released Thursday.
Much of the fighting has been concentrated in the east and south recently but General Valeriy Zaluzhny told the British weekly the capital would be targeted again.
A "very important strategic task is to create reserves and prepare for the war which may take place in February, at best in March, and at worst at the end of January," he said in a December 3 interview released on Thursday.
"The Russians are preparing some 200,000 fresh troops. I have no doubt they will have another go at Kyiv," he said in the interview.
"We have made all the calculations -- how many tanks, artillery we need and so on and so on."
ALSO WATCH: <a title="Ceasefire for upcoming Christmas, New year in Ukraine?" href="https://www.editorji.com/world-news/ceasefire-for-upcoming-christmas-new-year-in-ukraine-1671092589947">Ceasefire for upcoming Christmas, New year in Ukraine?</a>
At the end of February, Moscow sent its forces into Ukraine with the aim of swiftly capturing Kyiv.
In a victory for the Ukrainian army, the invaders were held up several dozen kilometres from the capital before pulling back from the region at the end of March and early April.
The general said among his current problems was "to hold this (front)line", which runs south to east, "and not lose any more ground" after pushing back the Russians from the Kharkiv region in the northeast in September and Kherson in the south last month.
For Zaluzhny, the Russians have bombarded energy infrastructure since October following a series of humiliating battlefield reverses because "they need time to gather resources" for a broad offensive in the coming months.
"I am not an energy expert but it seems to me we are on the edge," he said, stating that the destruction of the power grid was "possible" by missile and drone strikes.
The waves of attacks on the power network that have already taken place have caused massive power outages across the country, leaving millions of Ukrainians in the bitter cold and dark of winter.
"I know that I can beat this enemy," the general continued. "But I need resources.
"I need 300 tanks, 600-700 ifvs (infantry fighting vehicles) 500 Howitzers."

Ukrainian President Volodymyr Zelenskyy called the decision predictable and said Russia has been deliberately aggravating the food crisis since September 

World’s food security at stake as Russia halts grain deal

Ukrainian President Volodymyr Zelenskyy called the decision predictable and said Russia has been deliberately aggravating the food crisis since September&nbsp;

President Vladimir Putin&rsquo;s decision to pull the plug on the wartime deal that unblocked the passage of millions of tonnes of grain via southern Ukraine will lead to a fresh jump in price, experts warned, with &ldquo;catastrophic consequences&rdquo; for poorer nations already facing acute food shortages.
Traders are bracing for a fresh spike in grain prices after Russia&rsquo;s exit from a deal allowing Ukraine crops to move from the Black Sea to the countries most in need of them roils markets anew.
The sudden move by Russia has left leaders scrambling to rescue the UN-and-Turkey-brokered agreement credited with saving vulnerable populations from risk of starvation.&nbsp;
Grain markets have been sensitive to developments in Moscow's eight-month-old invasion of Ukraine as the two countries are among the world's largest suppliers of wheat.&nbsp;

India abstained on a draft resolution tabled in the UN Security Council by the US and Albania that condemns Russia's “illegal referenda” and annexation of four Ukrainian territories and requires that Moscow withdraw troops from Ukraine immediately.
The 15-nation UN Security Council voted on the resolution tabled by the US and Albania that condemned Russia's illegal “referenda” and annexations of Donetsk, Luhansk, Kherson and Zaporizhzhia.
The resolution failed to get adopted as Russia vetoed it. Of the 15-nation Council, 10 nations voted for the resolution and four nations abstained.
Russia announced that annexation of the Ukrainian regions of Donetsk, Luhansk, Kherson and Zaporizhzhia.
UN Secretary-General Antonio Guterres said on Thursday that “any annexation of a State’s territory by another State resulting from the threat or use of force is a violation of the Principles of the UN Charter and international law.” “Any decision to proceed with the annexation of Donetsk, Luhansk, Kherson and Zaporizhzhia regions of Ukraine would have no legal value and deserves to be condemned,” Guterres has said.
“It cannot be reconciled with the international legal framework. It stands against everything the international community is meant to stand for. It flouts the Purposes and Principles of the United Nations. It is a dangerous escalation. It has no place in the modern world. It must not be accepted,” the UN chief said. 

India abstains on draft UNSC resolution against Russia's 'illegal referenda' in Ukraine 

The resolution failed to get adopted as Russia vetoed it.
&nbsp;

India abstained on a draft resolution tabled in the UN Security Council by the US and Albania that condemns Russia's &ldquo;illegal referenda&rdquo; and annexation of four Ukrainian territories and requires that Moscow withdraw troops from Ukraine immediately.
The 15-nation UN Security Council voted on the resolution tabled by the US and Albania that condemned Russia's illegal &ldquo;referenda&rdquo; and annexations of Donetsk, Luhansk, Kherson and Zaporizhzhia.
The resolution failed to get adopted as Russia vetoed it. Of the 15-nation Council, 10 nations voted for the resolution and four nations abstained.
Also Watch| <a href="https://www.editorji.com/world-news/after-absorbing-ukrainian-regions-putin-suggests-return-to-ukraine-talks-1664590163094">After absorbing Ukrainian regions, Putin suggests return to Ukraine talks</a>
Russia announced that annexation of the Ukrainian regions of Donetsk, Luhansk, Kherson and Zaporizhzhia.
UN Secretary-General Antonio Guterres said on Thursday that &ldquo;any annexation of a State&rsquo;s territory by another State resulting from the threat or use of force is a violation of the Principles of the UN Charter and international law.&rdquo; &ldquo;Any decision to proceed with the annexation of Donetsk, Luhansk, Kherson and Zaporizhzhia regions of Ukraine would have no legal value and deserves to be condemned,&rdquo; Guterres has said.
&ldquo;It cannot be reconciled with the international legal framework. It stands against everything the international community is meant to stand for. It flouts the Purposes and Principles of the United Nations. It is a dangerous escalation. It has no place in the modern world. It must not be accepted,&rdquo; the UN chief said.&nbsp;

Russian President Vladimir Putin on Wednesday announced a partial mobilization in Russia as the war in Ukraine reaches nearly seven months and Moscow loses ground on the battlefield.
Putin’s address to the nation comes a day after Russian-controlled regions in eastern and southern Ukraine announced plans to hold votes on becoming integral parts of Russia.
The Kremlin-backed efforts to swallow up four regions could set the stage for Moscow to escalate the war following Ukrainian successes.
Putin said he has signed a decree on the partial mobilization, which is due to start on Wednesday.

Russia-Ukraine war: Vladimir Putin signs decree on partial mobilization of military 

The Kremlin-backed efforts to swallow up four regions could set the stage for Moscow to escalate the war following Ukrainian successes.

Russian President Vladimir Putin on Wednesday announced a partial mobilization in Russia as the war in Ukraine reaches nearly seven months and Moscow loses ground on the battlefield.
Putin&rsquo;s address to the nation comes a day after Russian-controlled regions in eastern and southern Ukraine announced plans to hold votes on becoming integral parts of Russia.
The Kremlin-backed efforts to swallow up four regions could set the stage for Moscow to escalate the war following Ukrainian successes.
Putin said he has signed a decree on the partial mobilization, which is due to start on Wednesday.
Also Watch| <a href="https://www.editorji.com/world-news/vladimir-putin-is-further-isolating-himself-from-international-community-1663410979666">&lsquo;Vladimir Putin is further isolating himself from international community&rsquo;</a>

The most prestigious and the oldest tennis tournament Wimbledon is unarguably the biggest tournament in the world. Wimbledon 2022 will be the 135th edition of the tournament. The tournament that has been played at All England Club in Wimbledon, London could be different than the previous tournaments as the talks between Wimbledon officials and the UK Government regarding the participation of players from Russia and Belarus are underway.
Athletes from these countries have been playing in ATP, WTA, and ITF tennis tournaments so far under a neutral flag with no anthem played.
Also read: Roger Federer to donate $500,000 for Ukrainian children's education
Reports have suggested that Russian athletes could be banned in the fear that the victory of a Russian player may magnify Russian President Vladimir Putin's regime amid the Russian invasion of Ukraine. 
Wimbledon officials are currently in ongoing talks with the government and other tennis bodies. Wimbledon will announce its final verdict before next month's entry deadline.
Also read: Ashleigh Barty announces retirement from professional Tennis at the age of 25
 

Wimbledon 2022: Russian and Belarusian players may be banned from playing Wimbledon this year

A complete ban on participation of Russian and Belarusian players at Wimbledon? 

A huge announcement is coming soon from the UK Government 

Details in the link below 

Wimbledon 2022 could see a complete ban on Russian &amp; Belarusian&nbsp;players due to the war between Russia and Ukraine. The&nbsp;talks between&nbsp;Wimbledon officials and the UK Government regarding the participation of players from Russia and Belarus are underway and a decision could be made soon.&nbsp;
Athletes from these countries have been playing in ATP, WTA, and ITF tennis tournaments so far under a neutral flag with no anthem played.
Reports have suggested that Russian athletes could&nbsp;be banned in the fear that the victory of a Russian player may magnify&nbsp;Russian President Vladimir&nbsp;Putin's&nbsp;regime amid the Russian invasion&nbsp;of Ukraine.&nbsp;

The&nbsp;talks between Wimbledon officials and UK's government are underway regarding Russian and Belarusian&nbsp;athletes'&nbsp;participation&nbsp;in the tournament.&nbsp;

Wimbledon 2022 could see a complete ban on Russian &amp; Belarusian&nbsp;players due to the war between Russia and Ukraine. The&nbsp;talks between&nbsp;Wimbledon officials and the UK Government regarding the participation of players from Russia and Belarus are underway and a decision could be made soon.&nbsp;
Athletes from these countries have been playing in ATP, WTA, and ITF tennis tournaments so far under a neutral flag with no anthem played.
Also read: <a href="https://www.editorji.com/sports-news/others-sports/roger-federer-to-donate-500-000-for-ukrainian-children-s-education-1647690452259" target="_blank">Roger Federer to donate $500,000 for Ukrainian children's education</a>
Reports have suggested that Russian athletes could&nbsp;be banned in the fear that the victory of a Russian player may magnify&nbsp;Russian President Vladimir&nbsp;Putin's&nbsp;regime amid the Russian invasion&nbsp;of Ukraine.&nbsp;
Also read:&nbsp;<a href="https://www.editorji.com/sports-news/others-sports/ashleigh-barty-announces-retirement-from-professional-tennis-at-the-age-of-25-1648006268909" target="_blank">Ashleigh Barty announces retirement from professional Tennis at the age of 25</a>
&nbsp;

russia ukraine conflict

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