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Ukraine war: 1 year on
Economy

Global Impact: battle lines drawn in more ways than one as Ukraine war marks first anniversary

  • Global Impact is a weekly curated newsletter featuring a news topic originating in China with a significant macro impact for our newsreaders around the world
  • In this edition, we look at the diplomatic, military, monetary and economic impact of the Ukraine war as the conflict in Europe marked its first anniversary

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15:17

Russia invaded Ukraine 1 year ago. What has happened so far?

Russia invaded Ukraine 1 year ago. What has happened so far?
Daniel Kwan
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Around a month after Russian President Vladimir Putin launched the invasion of Ukraine, US counterpart Joe Biden declared that the Russian leader was a dangerous man who should not be allowed to remain in power.

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“For God’s sake, this man cannot remain in power,” Biden said in an address outside the Royal Castle in Warsaw, Poland, at the end of March.

Some 11 months later, the Russian president is still in power and as defiant as ever, and the Ukraine-Russia war has no end in sight.

Casualty counts vary – depending on their sources. The US estimated that around 200,000 Russian soldiers have been killed or wounded. Ukraine, on the other hand, has suffered around half as many losses. Meanwhile, civilian casualties have reached almost 20,000, according to the United Nations.

The Ukraine-Russia war is not just the bloodiest war of the 21st century, but it is a highly divisive conflict. On the one side is Ukraine, backed by the United States and most Western allies and partners. Russia, isolated under Western sanctions, has the likes of China, Iran and North Korea in its corner.

For China, the “no limits” declaration of partnership between Putin and President Xi Jinping in February 2022 has raised a lot of eyebrows. The worries doubled last weekend when US Secretary of State Antony Blinken dropped a bombshell by claiming Beijing was considering arming Russia with lethal weapons.
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The alarming allegation, which was promptly denied by Beijing, immediately raised red flags in capitals across the globe and Europe in particular, where China’s top diplomat, Wang Yi, was touring on a fence-mending mission.

02:21

China releases 12-point position paper on 1-year anniversary of Russian invasion of Ukraine

China releases 12-point position paper on 1-year anniversary of Russian invasion of Ukraine
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