On February 24, Russian President Vladimir Putin has decided to conduct a special military operation in the Donbas region. Russian Ukraine war broke up.
According to a report on March 3, the war in Ukraine will cause at least 400 billion US dollars in losses to the global economy this year. Global economic growth will be hit hard, while European countries economy was most affected, the report said. The report believes that commodity (mainly oil) prices are the most serious threat to the world economy.
