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The ongoing Russia-Ukraine war will certainly have an impact on the Indian economy, Union Finance Minister Niramala Sitaraman said on Tuesday.
Since Russia invaded Ukraine on February 24, Western sanctions have cut Russia off from international trade and financial markets.
Inflationary fears as well as Russia-Ukraine conflict pushed gold prices to Rs 55,000 per 10-gram on Tuesday.
Nomura pointed out that even though the outlook for banks remains positive, a prolonged conflict-like situation would be negative for global growth
All its students trapped in Ukraine's Sumy moved out of the city through a Humanitarian Corridor, a day after a localised ceasefire announced by the Russians collapsed and fierce fighting resumed
The Russian defence ministry said 723 people had been evacuated through the Sumy-Poltava corridor, including 576 Indian nationals, in a first convoy.
The Indian embassy in Hungary suggested that the evacuation mission from the country is nearing completion as it is beginning the last leg of flights under the operation
Investors also took stock of the London Platinum and Palladium Market's statement that Russian refiners can continue to sell platinum and palladium in London
The 27 EU leaders meet in Versailles outside Paris for a two-day summit starting Thursday and will be working on ways to reduce their dependency on Moscow for fossil fuels.
By Praveen Paramasivam
Considering the security situation, opening of next humanitarian corridor is uncertain, the advisory further said
'Flights under Operation Ganga are being prepared to bring them home,' MEA spokesperson Arindam Bagchi said
President Joe Biden has decided to ban Russian oil imports, toughening the toll on Russia's economy in retaliation for its invasion of Ukraine, according to a person familiar with the matter. The move follows pleas by Ukrainian President Volodmyr Zelenskyy to US and Western officials to cut off the imports, which had been a glaring omission the massive sanctions put in place on Russia over the invasion. Energy exports have kept a steady influx of cash flowing to Russia despite otherwise severe restrictions on its financial sector. Biden was set to announce the move as soon as Tuesday, the person said, speaking on the condition of anonymity to discuss the matter before an announcement. The White House said Biden would speak on Tuesday morning to announce actions to continue to hold Russia accountable for its unprovoked and unjustified war on Ukraine. The US will be acting alone, but in close consultation with European allies, who are more dependent on Russian energy supplies. Natur
Ukrainian Defence Minister Oleksiy Reznikov has released new estimates of casualties and damage from the Russian war, saying Russian military actions have killed 38 children and wounded more than 70.
Zelensky's 'historic' address will take place at 1700 GMT and will be shown on screens being installed in the Commons chamber
For now, the NMC has asked state medical councils to process completion of internship of these candidates provided they have cleared the foreign medical graduate examination
ebruary's budget was based on an average oil price of $75 to $80 a barrel for the fiscal year starting from April 1, but Brent briefly soared on Monday to nearly $140, its highest in over a decade.
International oil benchmark Brent crude, which briefly hit more than $139 a barrel in the previous session, was up about 2.6% at $126.42.
The euro regained ground on the day after five sessions of declines, but is still trading near a trough of $1.08060 on Monday - its lowest since March 2020
India imports more than 90% of its sunflower oil from Russia and Ukraine, though sunflower oil accounts for about 14% of its total edible oil imports.