According to CCTV news reports, on the 24th local time, Russian President Putin made an emergency televised speech on the situation in Ukraine, saying that it had decided to carry out special military operations in the Donbass region.
With several explosions over The Ukrainian capital Kiev, global stocks and financial markets plunged, triggering a rush to buy safe-haven assets, with dollar and gold prices surging and Brent crude oil breaking through the $100 a barrel (about 632 yuan) mark for the first time in more than seven years.
The impact of President Putin's orders, sanctions imposed on Russia by European and American countries, and worsening inflation have caused the global economic market to shake sharply, and Asian stock markets have "taken the lead" to fall by 3%.
Germany's DAX fell more than 3.5 percent at the opening, while London's FTSE 100 is expected to fall more than 2 percent at the opening of the day, less largely due to soaring oil and metals prices, according to the European Futures Exchange. Among them, Brent crude oil, one of the international crude oil benchmarks, the price also rose by more than 4 US dollars per barrel (equivalent to about 25 yuan) due to the war.
As the situation unfolds, crude oil prices will continue to climb above $102 a barrel (about 644 yuan), indicating that the global economy affected by the COVID-19 pandemic will face more pressure.
Avatrade's chief market analyst said Russia's move against Ukraine would lead the United States and its Western allies to increase sanctions against Russia. He also said that if Europe and the United States continue to impose additional sanctions, then the global oil supply may be hit hard again, and oil prices will soar.
For now, the only thing that has not been affected is the Russian stock market, as the Moscow Exchange has suspended trading.
At present, the community of human destiny is getting closer and closer, and no one can be left alone. After the gunshots, there is no winner, may the war end as soon as possible, may the world be at peace!