Russia Ukraine war

The main reason behind the war between Russia and Ukraine is NATO. NATO is the North
Atlantic Treaty Organization, also called the North Atlantic Alliance, is an intergovernmental
military alliance among 28 European countries and 2 North American countries. Established in
the aftermath of World War II, the organization implements the North Atlantic Treaty, signed 4
April 1949.
The dispute begins when the Ukraine desired to join NATO. The reason Russia attacks Ukraine
is because it does not want the United states and NATO installations and weapons including
nuclear weapons anywhere the Russian boarder whether you agree with Russia or not Putin has
a reason if you remember the united states and nato did the same thing in turkey, while attacking
Syria. Before 2013 the headquarter of NATO allied air command for sudden Europe was in
turkey the United States gives some 90 B61 nuclear bombs to turkey, which are also right now
there in at the in LAC Airbase. These bombs were kept there in case of any conflict and off
course the use required the permission of NATO, don’t you think Russia is aware of the thing?
Effect of war;
Russia launched missiles on targets across Ukraine in a full scale escalation of conflict between
the countries, even as the UN Security Council was at the time discussing efforts to defuse
tensions. Ukraine president Volodymyr Zelenskiy imposed martial law across the country.
Foreign minister dmytro kuleba said in a tweet that Russian president Vladimir Putin has
“launched a full-scale invasion of Ukraine’’ and vowed the country “will defend itself and will
win”. The "full-scale invasion" pushed Brent crude to more than $100/barrel for the first time in
more than seven years, even as investors flocked to gold as the "only true safe haven" in sight.
Bitcoin fell below $35,000. In India, Sensex and Nifty declined as much as 2.5% each in opening
trade on Thursday.
Effect on economy;

Markets in the coming months

 
Markets, both domestically and internationally, have remained on the tenterhooks ever since the
Russia-Ukraine crisis worsened and the Biden administration imposed sanctions on the newly
recognised breakaway regions in Ukraine. Though the trend is bullish in Indian markets,
Tradingo Founder Parth Niyati believes that there will be high volatility over the next month due
to this crisis.  In the international markets, however, investors are eyeing safe havens as global
stocks tumbled and oil prices surged due to the Ukraine issue.
 
Indian markets -- According to Tradingo’s Parth Niyati, the overall trend is bullish but there
may be high volatility over the next month therefore short-term traders should remain light while
long-term investors should look at this correction as a buying opportunity. He further says, “We
are very bullish on capital goods, infrastructure, real estate, banking, consumer goods, and auto
ancillaries space therefore we advise investors to look for buying opportunities in these areas.”
 
Global markets -- Senior Asia economist at UBP Carlos Casanova believes that “we are much
closer to military intervention, which of course is going to drive a lot of the risk off sentiment in
the markets.”
 
He further added that the short-term volatility in the global markets has been caused both by the
geopolitical factors and the US Federal Reserve was ‘relentless.’ He also said that the
consequences of this will be – higher oil prices, equity sell off and investors flocking to safe-
haven assets like Japanese Yen.
 
A recent note by Goldman Sachs states that there is a scope for risk premia to rise further across
all sectors in case a war breaks out between Russia and Ukraine. It further said that their
forecasts on how much the global market will fall on the basis of how much the rouble
depreciates. “On that basis, the rouble is still more than 10 per cent away from its maximum
undervaluation level of the past two decades,” analysts Dominic Wilson, Ian Tomb and
Kamakshya Trivedi said in a note.

Sanctions imposed by various countries on Russia;

When the war begun the European countries imposed various sanctions on Russia. The United
States, the European Union, Britain, Australia, Canada and Japan announced plans to target
banks and wealthy individuals while Germany halted a major gas pipeline project from Russia in
one of the worst security crises in Europe in decades.
United States
In what he called the “first tranche” of sanctions, President Joe Biden signed an executive order
on Monday that stipulated any institution in Russia’s financial services sector is a target for
further sanctions.
More than 80 percent of Russia’s daily foreign exchange transactions and half its trade are
conducted in US dollars.
Washington sanctioned two of Russia’s state-owned banks – VEB and Promsvyazbank – and
blocked it from trading in its debt on US and European markets. The two Russian banks are
considered especially close to the Kremlin and Russia’s military, with more than $80bn in assets.
United Kingdom
On Tuesday, the UK announced sanctions against five Russian banks and three Russian
billionaires: Gennady Timchenko, Boris Rotenberg and Igor Rotenberg.
The Rotenberg’s are co-owners of SGM Group, which makes oil and gas infrastructure.
Timchenko is the owner of private investment firm Volga Group.
The banks are Russia Bank, IS Bank, General Bank, Promsvyazbank bank and Black Sea Bank.
Britain will also stop Russia from selling sovereign debt in London, Foreign Secretary Liz Truss
said.
“We are prepared to go much further if Russia does not pull back from the brink,” she said. “We
will curtail the ability of the Russian state and Russian companies to raise funds in our markets,
prohibit a range of high tech exports, and further isolate Russian banks from the global
economy.”
Japan, Australia
The two countries announced the imposition of stringent penalties on individuals connected with
the aggression against Ukraine.
Australia Prime Minister Scott Morrison targeted members of Russia’s Security Council for
“behaving like thugs and bullies”.
Japan’s sanctions include banning the issuance of Russian bonds in Japan and freezing the assets
of certain Russian individuals as well as restricting travel to Japan, Prime Minister Fumio
Kishida said.
International court of justice;
On Wednesday, the International Court of Justice gave its verdict on the ongoing 21-day war
between Russia and Ukraine, saying that Russia should immediately stop its attacks in Ukraine.
The ICJ said in its order that Russia and Ukraine should not escalate the dispute to the war. The
judge hearing the case said the International Court of Justice was "deeply concerned" about
Russia's use of force in Ukraine. Now it has to be seen whether Russia complies with this order
of ICJ or not.
The ICJ said on Wednesday that it was deeply concerned by Russia's use of force in Ukraine,
which has raised serious issues of international law. Judge Joan Donoghue, reading out the
court's decision, said that this court is fully aware of the human tragedy happening in Ukraine.
The court ordered Russia and Ukraine not to pursue the current dispute. The court has said that
no party should interfere in this from Russia's side. Whatever decision the court takes, it will be
binding on all.

Zelensky said - we have won

On the decision of the International Court of Justice, Ukrainian President Volodymyr Zelensky
said that Ukraine has won its case against Russia at the ICJ. The ICJ has ordered an immediate
halt to the attack. This order is binding under international law. Russia should comply

immediately. Disobeying the court order would further isolate Russia.