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Ukraine crisis aggravates inflation, growth concerns

In recent years, the investments in mining fossil fuels have declined globally due to growing concerns

Kyiv, Ukraine
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Smoke rises after recent shelling in Kyiv (Photo: Reuters)

TNC Rajagopalan
Russia has brushed aside threats of crippling sanctions from the United States and its allies and gone ahead with its plans to invade Ukraine.  The military and political hostilities threaten to retard global economic growth, stoke inflation and undermine international institutions that enabled countries with differing ideologies and political systems to co-operate on global issues like tackling climate change, settling disputes peacefully, trading with each other quite freely and so on.

The United States and its allies have already announced initial rounds of punitive measures against Russian banks, leading companies and individuals making it difficult for them to deal with or
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First Published: Feb 28 2022 | 1:14 AM IST

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