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UKRAINE WAR
2022
. On February 02, the US sends 3,000 soldiers to bolster NATO
forces in Eastern Europe.
On February 10, Russia and Belarus start 10-day military
manoeuvres.
On February 17, shell fire escalates all along the front line of the
two Russian-backed enclaves in eastern Ukraine.
On February 17, Russia recognizes independence of two
separatist regions in eastern Ukraine.
On February 24, Russia declares war on Ukraine. President
Vladimir Putin warns other nations not to interfere.
On February 25, Ukraine has lost Chernobyl! nuclear site to
Russia. War is raging near Kyiv. Ukraine leader says at least 137
killed in full-scale Russian military attack as Western powers
~ announce a series of sanctions against Russia.
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UKRAINE WAR
2022
, 20215
~ On November 10, the US reports unusual Russian troop
movements near the Ukrainian border.
On December 07, US threatens Russia that "strong economic
and other measures will be taken if Russia invades Ukraine.”
. On January 17, Russian soldiers start arriving in ex-Soviet
country of Belarus for military drills.
On January 19, the US announces an extra $200 million in
security aid to Ukraine.
On January 24, NATO asks soldiers to be on standby and sends
ships as well as fighter jets to Eastern Europe.
On January 25, Russia starts military exercises near Ukraine and
in Moscow-annexed Crimea.
On January 26, the US refuses to close the NATO door on
~ Ukraine.
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WORLD TIMES INSTITUTEEy VAC) TH SS
. Oil prices have risen to 7 years high,
touching $100 for the first time since 2014. au yee et
. If the current geopolitical situation between Russia
and Ukraine escalates further, there will be no telling how high prices can
go. Estimates of even $150 and $200 may come true.
. However, there is only one bearish factor that may help stabilize the market:
A successful Iranian Deal formally known as Joint Comprehensive Plan of
Action. There has been some recent progress and observers believe we
may have an announcement soon.
. The timing of the announcement will decide the fate of the oil markets as
in the current scenario it will have no impact. The tensions need to de-
escalate first in order for any bearish factor to work.
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our import bill and rising oil prices can seriously widen it.
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investors and their host developing countries.
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was set up by the regional members of the Central
Treaty Organization (CENTO), Iran, Turkey and Pakistan,
in July 1964.
7. Economic Cooperation Organization (ECO) was
@2 established in 1985 by Iran, Turkey and Pakistan.
8. Economic Cooperation Organization (ECO) has 10
member states.
9. Economic Cooperation Organization (ECO) headquarters
is located in Tehran, Iran.
. Economic Cooperation Organization (ECO) Day is
celebrated on 28" November every year.
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Economic Community of West African States (ECOWAS)
was founded on May 28, 1975 via the treaty of Lagos.
Economic Community of West African States (ECOWAS)
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Nigeria, Sierra Leone, Senegal and Togo.
. Dr. Aboubakar Diaby Ouattara (Cote d'Ivoire) was the
first Executive Secretary of Economic Community of
West African States (ECOWAS).
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