RUSSIAN AND UKRAINE WAR AND ITS IMPACTS ON INDIA ( रूस और यूक्रेन युद्ध और भारत पर इसके प्रभाव)

 FIRST OF ALL, WE KNOW THE HISTORY OF RUSSIA AND UKRAINE.

As we all know the USSR is the second most powerful state in the world. The soviet union the new communist state was the successor to the Russian empire and the first country in the world to be based on Marxist socialism.

And in 1991, the soviet union USSR was dissolved following the collapse of its communist government and the collapse of 15 republic states like Russia, Ukraine, Georgia, Belorussia, Uzbekistan, Armenia, Azerbaijan, Kazakhstan, Kyrgyzstan, Moldova, Turkmenistan, Tajikistan, Latvia, Lithuania and Estonia

RUSSIA - UKRAINE CONFLICTS 

Russia's massive troop deployment for over a month now Ukraine border has raised the geopolitical temperature with the united states warning of severe consequences. At the heart of the current crisis between Russia and Ukraine is NATO a group of 30. Ukraine also wants to join NATO but Russia doesn't want NATO to allow Ukraine to become its member. It is also a big reason to start a conflict between both Russia and Ukraine.

Russian forces have pressed into Ukraine from the north, east, and south since the launch of the invasion last week. Russian and Ukraine official ended their first round of talks to discuss a ceasefire and will return to their capitals for consultation before a second round. Russian President Vladimir Putin told France's Emmanuel macron that a Ukraine settlement was only possible if Kyiv was neutral and demilitarized and Russian control over annexed Crimea was formally recognized the Kremlin said.

THIS WAR BETWEEN RUSSIA AND UKRAINE AND ITS IMPACT ON THE
 INDIA 

The ongoing war between Russia and Ukraine may impact on Indian financial market, exchange rate, and crude prices. A few days ago our finance minister Mrs. Nirmala Sitaraman had shown concern over the effect of Russia invading Ukraine she said that never has global peace faced challenges of this significance and it seemed the chances to start world war 3.

Indian Oil Corp said it would no longer accept cargoes of Russian crude and Kazakh CPC blends cargoes on a free on board ( FOB) basis due to insurance risk.

The crude oil prices past $100 per barrel, tracking uncertainly in global supply disruptions. India could be one of the majorly impacted countries since it imports 80 percent of its crude oil from other countries. 

In the trade sector, India runs trade deficits with Russia with exports declining while imports are increasing oil forms a major part of our imports basket from Russia. The report said 2.8 percent of our total imports have been imported from Russia in FY22.

The banking sector has remained resilient to the Russia Ukraine conflict so far. Profitability asset quality and capital adequacy have risen to a new peak. Apart from the strong banking scenario, the SBI report showed there adequate liquidity of Rs 7 lakh crore and an appropriate cash balance of Rs 2.8 lakh crore. This should adequately insulate the banking sector to navigate through the crisis.

 According to the live status, fear has come true with Russia today launching a  military attack on Ukraine. The news had an impact on the Indian stock market as the Sensex fell 1800 points as soon as the market opened. The Nifty fell by over 500 points. During all this India's concerns have also increased amid to scare of the third world war. Asian market also fell sharply today according to reports Russia fired bombs on several areas. 

CONCLUSION

In this war, both countries face, a lot of problem and student who studies in Russia and Ukraine. They lost their education and back to our country. And both countries face an economic crisis to increase tax or export goods and services due to the cause of war both countries spend more on purchasing weapons from our country's budget. No country to focus on raw materials to produce consumable goods.