Impact Of Ukraine War Being Felt By All Of Us, Says Nirmala Sitharaman

PUBLISHED ON: March 29, 2022 | Duration: 13 min, 20 sec

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Finance Minister Nirmala Sithararaman, responding to the budget discussion in the Rajya Sabha, said the Russia-Ukraine war is impacting all countries similar to how the pandemic did, with the "supply chains broken." Crude oil prices have shot up since Russia invaded Ukraine on February 24, with benchmark Brent crude touching multi-decade highs of near $140 a barrel. While crude oil prices have been whiplashed since Russia attacked Ukraine, they have remained above the $100 mark. The Finance Minister said the unprecedented hike in oil price was a challenge.
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