The collapse of the Russian stock market has wiped approximately $250 billion in value.

Economy
Feb. 25, 2022, 11:39 a.m.

The military intervention on Ukraine cast a pall over global markets and reignited risk aversion. President Vladimir Putin ordered an operation to "demilitarise" Russia's neighbour, prompting international condemnation and a threat from the US of more "severe sanctions" against Moscow.

According to a senior White House official, US sanctions will isolate Russia from the global banking system.

Economy
Feb. 25, 2022, 11:35 a.m.

Indian-American These sanctions, according to Daleep Singh, a top advisor to US President Joe Biden, include comprehensive limitations on Russian military end users as well as the defence, aerospace, and maritime sectors. Biden has previously issued a slew of harsh economic measures against Russia.

India is among Asia's worst losers as a result of the Russia-Ukraine crisis, according to a report.

Economy
Feb. 25, 2022, 11:32 a.m.

The escalating confrontation between Russia and Ukraine has sent the world's financial markets into a tailspin. And, just as countries and central banks were recuperating from the impact of the Covid-19 outbreak, geopolitical tensions are expected to exacerbate inflationary pressures even further, with a Nomura analysis predicting that India will be among the greatest losers in Asia as a result of the conflict.