financetom
World
financetom
/
World
/
Global Eye | Experts discuss six months of Russia-Ukraine war & US mid-term elections
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Global Eye | Experts discuss six months of Russia-Ukraine war & US mid-term elections
Aug 28, 2022 5:19 AM

Russia's invasion of Ukraine which started on February 26, 2022, has completed six months and there are still no signs of de-escalation.

According to the United Nations, the war has displaced more than 8 million people, with more than 6.5 million people crossing over into neighbouring countries. More than 5,500 civilians have been killed and close to 8,000 have been injured, though the true total is expected to be much higher. Ukrainian military claims the invasion has seen some 9,000 Ukrainian troops killed since the conflict began.

According to a study from the Kyiv School of Economics, the war has caused over $108 billion in damage to Ukraine’s infrastructure and around $600 billion in overall damage to the economy.

Also Read: Global Eye: Spotlight on BRICS summit and G7 conference

Ukraine has claimed that Russian missile strikes have targeted and destroyed tonnes of Ukrainian infrastructure including railways, apartment buildings, schools, hospitals, and shopping malls.

Both the US and Ukraine's European allies have offered billions of dollars in aid and weaponry support to the country since the war began. The US has provided about $10.6 billion so far in military aid.

Not just that, the NATO allies have also attempted to isolate Russia with a united coordinated package of sanctions including banning Russian oil and gas imports.

Also Read: The Global Eye: Neighbourhood First Policy and has it benefitted India; experts discuss

But despite the economic impacts, Russian remains determined in its adventures and continues to step up its offensive. Russian President Putin has ordered the Russian military to increase its troop deployment in Ukraine.

In an interview with CNBC-TV18, Brahma Chellaney, professor of strategic studies at the Center for Policy Research and Oleksiy Goncharenko, Ukrainian MP discussed the road ahead.

Also, watch the accompanying video of Nelson Cunningham, Vice Chair at McLarty Associates, and Amber Phillips, Political Reporter at The Washington Post discussing US mid-term elections and populist measures by President Biden to woo voters.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Asia shares helped by Nvidia high as investors unfazed by Trump's tariff moves
Asia shares helped by Nvidia high as investors unfazed by Trump's tariff moves
Jul 9, 2025
SINGAPORE (Reuters) -Asian stocks rose slightly on Thursday, riding on optimism from Nvidia's brief rise to a world-record $4 trillion valuation and as investors largely shrugged off U.S. President Donald Trump's latest tariff salvos. U.S. copper futures widened their premium to the London benchmark overnight after Trump announced plans to impose a 50% tariff on copper. He later said on...
Long-term JGBs rally ahead of 20-year auction as election weighs
Long-term JGBs rally ahead of 20-year auction as election weighs
Jul 9, 2025
TOKYO, July 10 (Reuters) - Long-term Japanese government bonds (JGBs) rallied on Thursday ahead of an auction that will test investor appetite amid fiscal worries that have driven yields higher, while markets remain focused on the upper house election scheduled for July 20. Prices for 20- and 30-year JGBs sank earlier this week, driving yields sharply higher, on concerns that...
GLOBAL MARKETS-Asia shares helped by Nvidia high as investors unfazed by Trump's tariff moves
GLOBAL MARKETS-Asia shares helped by Nvidia high as investors unfazed by Trump's tariff moves
Jul 9, 2025
* Shares rise as investors look past Trump's tariffs * Trump says 50% tariff on US copper imports, goods from Brazil to begin August 1 * Bitcoin holds near record high By Rae Wee SINGAPORE, July 10 (Reuters) - Asian stocks rose slightly on Thursday, riding on optimism from Nvidia's ( NVDA ) brief rise to a world-record $4 trillion...
PRECIOUS-Gold edges higher as Trump tariff moves keep markets on edge
PRECIOUS-Gold edges higher as Trump tariff moves keep markets on edge
Jul 9, 2025
July 10 (Reuters) - Gold prices edged higher on Thursday as U.S. President Donald Trump's latest tariff announcements kept markets cautious, with investors closely watching trade negotiations, while a slight pullback in the dollar provided additional support. FUNDAMENTALS * Spot gold rose 0.2% to $3,321.04 per ounce, as of 0044 GMT. U.S. gold futures were up 0.3% at $3,329.10. *...
Copyright 2023-2026 - www.financetom.com All Rights Reserved