September 23, 2023

Russia’s invasion of Ukraine, rising oil prices in the world market, the decline in stock markets

Russia’s invasion of Ukraine, rising oil prices in the world market, the decline in stock markets

ukrain war

 Asian stock markets fell on Thursday and oil prices exceeded 100 100 a barrel after Russian President Vladimir Putin announced Russian military action in Ukraine.

Oil prices rose more than 4 on fears of a possible disruption in Russian supplies, while the Russian currency, the ruble, depreciated 5 percent against the dollar.

In the global market, Brent crude crossed 100 per barrel after 8 years and reached 1 101.30 cents, while US crude rose 4.6 percent to 96.30 cents.

On the other hand, after Russia’s invasion of Ukraine, the stock markets of Japan and South Korea fell by 2%, while the stock markets of Hong Kong and Australia fell by more than 3%.

The Wall Street, German index fell more than 4% and London’s FTSE 100 fell 2.2%.

Similarly, Asian stock markets fell as soon as they opened and the stock markets of China, India and Singapore fell by 3.5 percent.

The Pakistan Stock Exchange also fell victim to this wave and the stock market saw a decline of more than a thousand points.

The price of gas in the world market has increased by 4% to 4.80 cents per mmbtu.

The currency of Russia, the invading country of Ukraine, also fell by 3.5 percent and reached US 86 86 to the Russian ruble, while the Ukrainian currency also reached an all-time low.

The global price of wheat has risen by 4% since the invasion of Ukraine, a major agricultural producer, and the global price of palm oil has risen by 2.6%.

It should be noted that Russian President Putin had announced a special operation against Ukraine, warning the world powers that Russia would respond to external interference in the Ukraine operation.

He accused the United States and its allies of ignoring Russia’s demands to prevent Ukraine from joining NATO and offering security guarantees to Moscow.

Vladimir Putin warned other countries that any attempt to interfere in Russia’s operations would lead to results they had never seen before.

Following Vladimir Putin’s order for a military operation in eastern Ukraine, Russian forces fired missiles and landed troops in various cities, including the Ukrainian capital, while Kiev imposed martial law across the country.

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