New Delhi: The war between Russia and Ukraine marked its 100 days on Friday as Moscow’s forces are tightening their grip over Donbas region while the Ukrainians see more determined than ever, with no clear end in sight.
The battle is raging mostly across the east of Ukraine, which has already lost 20 per cent of its territory to Russia in the war.
Things, especially food and commodities, got costlier due to supply disruptions. The International Monetary Fund (IMF) had pointed out earlier that both Russia and Ukraine are major commodity producers, and disruptions there have resulted in soaring global prices, especially that of oil and natural gas.
With Ukraine and Russia accounting for up to 30 per cent of the global exports for wheat, food prices, too, have jumped. The IMF added that the entire global economy would feel the effects with slower growth and faster inflation.
Here are some facts and figures of the ongoing Russia-Ukraine war
The war broke out on February 24, 2022
June 3, 2022 – 100 days of war
How the war affected India
Rise of Inflation (CPI)
January 2022 – 6.01 per cent
February 2022 – 6.07 per cent
March 2022 – 6.95 per cent
April 2022 – 7.79 per cent
Source: MoSPI
Declining forex reserves
February 18, 2022 – $632 billion (Rs 47.25 lakh crore)
May 20, 2022 – $598 billion (Rs 46.38 lakh crore)
Decreased by – 5.38 per cent forex reserves
Source: RBI
Value of rupee (value depreciated)
February 23, 2022 – One dollar equaled Rs. 74.62
June 23, 2022 – One dollar equaled Rs. 77.56
Impact on markets
BSE Sensex on February 23, 2022 – 57,232
BSE Sensex on June 3, 2022 – 56,271
Source: BSE
GDP estimate down – FY21-22
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Different estimates
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GDP in percentage (FY21-22)
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First Estimate (Released in January 2022)
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9.2 per cent
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Second Estimate (Released in February 2022)
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8.9 per cent
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Actual Estimate (Released in May 2022)
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8.7 per cent
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Unemployment status
June 2022 – It is at 7.2 per cent
Wheat export
In May 2022, India banned exports of wheat effective immediately (later relaxed in few instance), citing a risk to food security, partly due to the war in Ukraine.
India’s Auto sector
The automobile industry bore the brunt of lower supplies of components triggered by the ongoing war.
Semiconductor chip shortage, supply-chain crisis, and the war helped in creating a long waiting list for the cars in demand.
Impact on world economy
World economy to shrink
The IMF estimates the economy will shrink by 8.5 per cent this year as imports from the west collapse.
For Ukraine
It has so far cost $8.3 billion (Rs. 64,405 crore) on military and humanitarian expenditures – an eighth of Ukraine’s annual budget.
Infrastructure loss to Ukraine
The Kyiv School of Economics reports that damage to Ukrainian infrastructure amounts to about $100 billion (Rs 7.76 lakh crore).
Cost to Russia
Forbes Magazine tallied Russia’s cost through losses of equipment to $13 billion (Rs 1 lakh crore).
Sanctions on Russia
A total of 46 countries have imposed sanctions on Russia.
Since February 2022, more than 7,782 sanctions have been imposed on Russia. It makes Russia the most sanctioned country in the world.
Cost to the world
At least 2 children killed a day since start of Russia’s war on Ukraine, according to UN report.
At least 243 children have died as a result of Russian attacks, while another 446 children were wounded by Russian forces, according to the Ukrainian Chief Prosecutor’s Office.
According to UN estimates 4,149 civilians have been killed and 4,945 injured in Ukraine since the start of war, with the true toll believed to be much higher.
One of every six people has been internally displaced due to the war, making the total 7.7 million (77 lakh), according to the UN’s International Organization for Migration.
Over 6.8 million (68 lakh) people have fled to other countries, said the UN refugee agency.