World

Russian invasion of Ukraine rattles global markets

KYIV: Russian President Vladimir Putin launched a full-scale invasion of Ukraine prompting IMF to warn the conflict will have repercussions for the global economic recovery. The blitz roiled global financial markets, with stocks plunging and oil prices soaring past $100 and the European wheat prices hitting a record high on expectations of lower supplies as Ukraine and Russia are two of the world’s biggest producers.

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