File photo of Volodymyr Zelenskyy

Why Russia Attacked on Ukraine

Russia attacked Ukraine, today. Have you known the reason behind this war? What is the effect of this war in Indian, US, and European markets?

Russian President Vladimir Putin launched a military operation in Ukraine on Thursday with explosions heard across the country and its foreign minister warning a “full-scale invasion” was underway.

While there had been tensions between Russia and Ukraine, a former Soviet republic, for a long time, the situation began getting out of control in early 2021. In January last year, Ukrainian President Volodymyr Zelenskyy urged US President Joe Biden to let Ukraine join NATO.

Effect of Russia Vs Ukraine war in share market, Nifty, Dow, Sensex and European Market

This war harmed all the share markets because the effect of this war crude price will be going high. All the share market already showing more than 5% drop today and the news of the War.

This war also harmed IT sector companies because most of the business came from European countries.

Lithuania declares state of emergency; Moldova closes airspace

The President of Lithuania has signed a decree, declaring a state of emergency. A vote in the Lithuanian Parliament will be held in this regard.

Bloomberg quoted Lithuanian President Gitanas Nausda as saying that he would propose to give Ukraine the status of a candidate for EU membership.

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