Global

United Nations (UN) Secretary General Antonio Guterres told reporters at the UN Headquarters, that the conflict in Ukraine can turn into a nuclear one. "The possibility of nuclear conflict, which was once unthinkable, is now possible again," he said. Noting that Russia's raising the nuclear alert level is a "creepy" development, Guterres said, "The possibility of nuclear conflict, which was once unthinkable, is now possible again. "Ukraine is on fire. The country is being destroyed before the eyes of the world."  Saying that the impact of Russia's war against Ukraine on civilians has reached "terrible dimensions", Guterres told the assembled journalists, "Whatever the outcome, there will be no winners in this war, only losers."

Pope Francis, the leader of the Roman Catholic Church, has made an passionate appeal for an end to the war in Ukraine. At the conclusion of the Sunday Angelus, Pope Francis recalled that the city that bears the name of the Virgin Mary, Mariupol, has become a city of martyrs in the terrible war ravaging Ukraine. He expressed horror over the barbarity of the killing of children, innocents and unarmed civilians, and called for an end to the unacceptable armed aggression, before it reduces cities to cemeteries. "With pain in my heart I join my voice to that of the common people, who implore an end to the war. In the name of God, let the cries of those who suffer be heard and let the bombings and attacks cease! Let there be a real and decisive focus on negotiation, and let the humanitarian corridors be effective and safe. In the name of God, I ask you: stop this massacre!"

African economies are particularly vulnerable to the impacts of war in Ukraine, says IMF Chief Kristalina Georgieva. The remarks come two weeks after the Russian invasion of Ukraine sent financial markets into steady decline, leaving African economies with high food and fuel prices. “The war and the unprecedented sanctions imposed on Russia are having far-reaching consequences. They come at a delicate time for Africa.”, she stated at a closed virtual press briefing on Thursday.

In addition to the moves towards UnionPay, some Russian companies are now accepting payments in Yuan, and there is talk of Russia turning to CIPS, the Chinese equivalent of SWIFT. The Russian pivot towards the Yuan and Chinese financial systems could reduce the dominance of the US Dollar in global transactions. In addition to the moves towards UnionPay, some Russian companies are now accepting payments in Yuan, and there is talk of Russia turning to CIPS, the Chinese equivalent of SWIFT. The Russian pivot towards the Yuan and Chinese financial systems could reduce the dominance of the US Dollar in global transactions.