The Official Business Publication of Seton Hall University
U.S. Secretary of State Antony Blinken and Secretary of Defense Lloyd Austin have traveled to Kyiv to meet with Ukrainian President Volodymyr Zelensky, according to Ukrainian officials and Zelensky himself.
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On March 8th, London Metal Exchange (LME) suspended trading due to a 250% price spike in nickel within 24h hours. The question around why a somewhat conspicuous commodity like nickel would cause such chaos is an important and interesting one. So, what happened?
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Russia has announced a significant move in the war with Ukraine during a set of key talks. Representatives and negotiators from both countries met in Istanbul on March 29 where it was announced that Russia will “fundamentally cut back” their military activities near the Ukrainian capital of Kyiv.
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By far the host of the largest number of Ukrainian refugees is Poland, which has seen over 2 million refugees cross into its border.
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The Russian invasion of Ukraine, which is the largest conventional military attack in Europe since World War II, has caused a significant impact here at home in the United States, specifically in the financial market. While the Russian economy is in freefall due to sanctions from the West, U.S. markets also have experienced some stressors and exposure to risk as this conflict evolves.
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With inflation steadily increasing due to the numerous issues dealt with in the last two years, investors and consumers show concern as prices continue to rise. Many Fed officials have discussed a strict, aggressive approach to battle these rising costs. But now the long-awaited interest rate hike from the Federal Reserve faces a challenge. The Russian invasion of Ukraine.
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The Russian invasion of Ukraine has precipitated near universal condemnation around the world. NATO and European Union states have roundly criticized the illegal and unprecedented Russian invasion of the Eastern European country of 40 million people. NATO and EU countries were united not only in words but actions, presenting a unified and potent response.
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Russia has now amassed at least 70% of the military capability it needs to launch a full-scale invasion of Ukraine, according to U.S. officials. This further adds to the tension between the two countries as a result of the mass buildup of Russian military forces along the Ukrainian border in recent weeks.
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On November 15th, Russia destroyed one of its own space satellites, which led to condemnation by the United States. The destruction and subsequent debris led to fears of a threat to the International Space Station.
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On August 11, Russian President Vladimir Putin made the announcement that a vaccine for COVID-19 had passed the necessary trials required for use. This development was met with skepticism from around the world.
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