Russian invasion of Ukraine, increase in oil and gold prices
After the Russian invasion of Ukraine, oil and gold became more expensive and the stock markets crashed. Following the news of the invasion of Ukraine, the crisis in the world oil market intensified, with the price of Brent crude exceeding 10 101 per barrel and the average price of oil per barrel in the world market. Close to ڈالر 100.
Economists fear that if the armed conflict between Russia and Ukraine does not end immediately, global crude oil prices will continue to rise, causing irreparable damage to the global economy. After the Russian invasion of Ukraine Global stock markets also crashed. The Japanese stock market index fell 2.01 points at the start of trading.
China’s Shanghai Composite Index also fell 1.96 points. The US stock market Nasdaq has already fallen 2.57 points on fears of a possible war, while European stock markets have also fallen 0.42 points. Wheat prices rose 5.5 percent, corn prices rose 4 percent and soybeans rose 2 percent in Singapore’s markets. ۔
The Pakistan stock market fell 1.3 percent, while the Indian stock market fell 2.8 percent. Global gold prices have risen by ڈالر 16 an ounce. On the other hand, world leaders have called on Russia to suspend operations in Ukraine. At an emergency meeting of the UN Security Council, the Chinese ambassador expressed concern over the Ukraine attack, saying that Ukraine was in a “critical situation” and that the door to a peaceful solution to the Ukraine problem had not been closed or closed. Canadian Prime Minister Justin Trudeau has called on Russia to suspend its operations in Ukraine.
He said Russia should withdraw all military and proxy forces, Russia’s actions would have serious consequences, and Canada would take additional action to stop Russia’s unwarranted aggression. NATO chief Jens Stoltenberg also condemned the Russian attack, saying that NATO allies would meet to deal with Russia’s latest move, adding that NATO chiefs stood by the people of Ukraine in this difficult time. NATO will do everything possible to protect and defend its allies.