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Israeli army admits 3 soldiers of rank of Staff Sergeant were killed, 2 others injured in northern Gaza.
Occupied Palestine: Palestinian media: Martyrs and injuries as a result of the Israeli occupation firing on displaced people while they were waiting for aid west of Rafah.
Al Mayadeen's correspondent in occupied Palestine: 3 martyrs, including a child, as a result of Israeli occupation forces bombing displaced persons' tents in Deir al-Balah in the central Gaza Strip.
Israeli media: Yedioth Ahronoth: Concern in "Israel" over changes within the US administration in recent days.
Al-Qassam Brigades says its fighters are engaging in fierce clashes with the occupation forces, killing and wounding soldiers east of Jabalia camp.
Israeli media platforms are circulating preliminary reports about a multi-causalty ambush in Jabalia camp, Gaza.
Al Mayadeen's correspondent: 35 martyrs, 75 injured in occupation targeting of civilians seeking food aid in Rafah, Khan Younis, southern Gaza.
Da Silva: What is happening in Gaza is not a war, it is a genocide
Da Silva: Even the Jewish people do not want this war; it is revenge by a government against the possibility of establishing a Palestinian state
Brazilian President Lula da Silva: What we are seeing is not a war between two armies. [What we have is a] completely professional army that is killing women and children in the Gaza Strip.

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.

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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.

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  • Nato
  • Ukraine crisis
  • International Monetary Fund
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  • IMF
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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?

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