Russia’s war in Ukraine devastating for world economy: IMF

292
Russia's war in Ukraine devastating for world economy: IMF

NEW YORK: The International Monetary Fund (IMF) has said that the Russia’s war in Ukraine is devastating for the world economy.

According to the foreign news agency, the IMF has said that the effects of the Russia-Ukraine war on the world economy will slow down the pace of growth, while inflation will also rise.

Also Read:

Punjab CM: Banners in favour of Pervaiz Elahi emerged in Lahore

Pakistan lifts all Covid restrictions

A statement from the International Monetary Fund (IMF) said that in addition to the influx of refugees and other humanitarian issues, the war would increase inflation and increase food and energy prices. The effects of the war will result in business disruptions, supply chain closures and cut in remittances to Ukraine’s neighbours.

Earlier, the White House had said it fears a chemical attack by Russia in Ukraine.

White House Press Secretary Jen Psaki told a news conference that Russia was planning to attack Ukraine with chemical or biological weapons, and that we should all keep an eye on that.

Jane Sackie called Russia’s claims about US biological weapons, laboratory and chemical weapons production in Ukraine as “baseless.”

She said Russia’s “false claims” were certainly a ploy to justify provocative attacks.

Jen Psaki said that Russia could use these weapons to launch another False Flag Operation in Ukraine, which is very clear.

Earlier, Britain’s Ministry of Defense has said that Russia had used “dangerous rockets” in Ukraine, commonly known as “vacuum bombs,” which could have caused oxygen shortages in the surrounding area and the temperature in the atmosphere rises.

Last week, Russia had declared a partial ceasefire with the view to allow humanitarian corridors out of the Ukrainian cities of Volnovakha and Mariupol.

The Russia’s defence ministry said that from 10am Moscow time (0700 GMT), the Russian side declares a ceasefire besides opening of humanitarian corridors to allow civilians to leave Volnovakha and Mariupol.

Meanwhile, Russia had blocked Facebook and some other websites. Moscow also passed a law that gave the country much stronger powers to crack down on journalism. As a result, Bloomberg, BBC and other foreign media suspended reporting in the country.