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BREAKING
Israeli media: Direct damage from Iranian bombing of "Israel" in one week is estimated at approximately 5 billion shekels (about $1.35 billion)
Unprovoked aggression against Iran has no basis or justification: Putin
Shahid Beheshti University Public Relations: The Israeli aggression targeted a building belonging to Shahid Beheshti University with the aim of sabotaging Iran's cultural and scientific infrastructure
Al Mayadeen correspondent: The Fordow nuclear facility was bombed once again, 24 hours after the US aggression.
Fars News Agency, citing informed sources: The Iranian Armed Forces used the Kheibar-Shekan, Emad, Ghadr, and Fattah missiles in their attacks on the Israeli entity today
Sirens sound from the occupied Golan Heights to Akka and Nahariya
Sirens sound again in the occupied Golan Heights and al-Jalil
Israeli media: Power outages reported in several settlements following a missile attack targeting an infrastructure facility
Israeli media: Strategic location in the south likely hit
Israeli media outlet: Reports of missiles falling in at least 7 areas, including Askalan, Safad, and Isdud

Ukraine crisis to have 'small' impact on China: IMF

  • By Al Mayadeen Net
  • Source: Agencies
  • 17 Mar 2022 20:31
3 Min Read

China, according to the International Monetary Fund, will be very slightly affected by the Ukraine crisis as long as global ramifications don't occur.

  • x
  • IMF spokesperson Gerry Rice
    IMF spokesperson Gerry Rice

The Ukraine crisis will not have a major impact, rather a relatively small one, on China, unless the global economy is significantly affected, International Monetary Fund spokesperson Gerry Rice told reporters on Thursday in light of Russia's special military operation in the country.

"The immediate impact of the conflict is likely to be relatively small. The higher oil prices could affect domestic consumption and investment going forward but price caps will limit the impact overall," Rice told a press briefing. 

However, he highlighted that Beijing could be looking at "serious" economic consequences if the crisis evolved global economic ramifications.

"China would be affected if trade partner growth were to slow significantly, serious supply-side disruptions were to emerge, or global financial markets were more severely impacted," Rice said. 

The crisis in question is due to Russia launching a special military operation for several reasons, including NATO's eastward expansion. Other reasons were the Ukrainian shelling of Donbass and the killing of the people of the Donetsk People's Republic and Lugansk People's Republic, in addition to Moscow wanting to "denazify" and demilitarize Ukraine.

Related News

Italy, Germany under pressure to repatriate $245bln in gold from US

Putin to Araghchi: Unprovoked aggression on Iran baseless, unjustified

In response, the US and its allies have rolled out comprehensive sanctions, including restrictions on the Russian central bank, export control measures, SWIFT cutoff for select banks, and closure of airspace to all Russian flights. Many of their companies have suspended their Russian operations.

US faster pace of interest rate hikes raises risks for dollar reliance

The faster pace of interest rate hikes by the US Federal Reserve increases the risks for countries relying on the dollar, Rice revealed.

"This faster pace of Fed normalization increases the risks faced by other countries relying on dollar funding, especially in emerging and developing economies," the spokesperson declared.

Rice explained that the Federal Reserve was appropriately moving to a less accommodative stance of monetary policy. 

However, evaluating the impact of this policy on emerging markets is more difficult now and should be done on a case-by-case basis, Rice said.

The status-quo and the US sanctions on Russia have weakened US citizens' purchasing power, causing fuel prices to soar in the country with US oil prices reaching their all-time high following a ban on Russian fuel exports.

  • United States
  • Nato
  • Ukraine crisis
  • International Monetary Fund
  • Russia
  • IMF
  • China
  • Ukraine
  • European Union
Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

Most Read

Iran launches 9th wave of Op. True Promise 3, destroys IOF air defense

Iran launches 9th wave of Op. True Promise 3, destroys IOF air defense

  • MENA
  • 17 Jun 2025
Rescue team work at the site where a missile launched from Iran struck Tel Aviv, Israel, Monday, June 16, 2025 (AP)

Wave 12 of Operation True Promise 3 launched, Sejjil deployed: IRGC

  • Politics
  • 18 Jun 2025
Israeli workers survey the site where a missile launched from Iran struck in Haifa on Sunday, June 22, 2025. (AP)

True Promise 3, wave 20: 40 missiles launched, Kheibar-Shekan in first

  • Politics
  • 22 Jun 2025
Iran launches missile barrage to Tel Aviv, casualties reported

True Promise 3, wave 14: Tel Aviv targeted, casualties reported

  • Politics
  • 19 Jun 2025

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