LIVE: Kremlin calls Biden irritable and forgetful, says he insulted Putin
Live updates: Japan and Australia imposed new sanctions on Russian entities on Friday as punishment for Moscow’s invasion of Ukraine, which the West says was stalled by fierce resistance but continues to take its toll on civilians.
Western sources and Ukrainian officials said Russia’s onslaught had waned since its troops invaded on February 24, further dashing Moscow’s expectations of a quick victory and the removal of President Volodymyr Zelenskiy’s government. .
A US Department of Defense official said no bombings over Ukraine had been reported in the past 24 hours and morale in some Russian units was down, Reuters reported.
The geopolitical crisis, which has driven oil and other commodities to multi-year highs, has increased uncertainty clouding the global macroeconomic and financial landscape, posing downside risks to the Indian economy, the Reserve Bank of India said in a monthly report on Thursday. The economy is experiencing “fallout” as it recovers from the third wave of the Covid-19 pandemic, the report adds.
“India’s macroeconomic fundamentals remain strong. Ongoing global developments nonetheless pose downside risks in terms of the fallout,” he said.