Here are the latest updates from the war in Ukraine:
UN chief seeks cease fire ahead of Orthodox Easter
UN Secretary-General Antonio Guterres called Tuesday on Russia and Ukraine to agree to a four-day humanitarian cease fire beginning Thursday to mark Orthodox Christianity’s Easter period. Thursday is “Holy Thursday” and Sunday will be Easter Sunday for Orthodox Christians, the religious majority in both Ukraine and Russia.
IMF cuts global growth forecast to 3.6%
The International Monetary Fund indicates that while the Ukraine war has not only led to a humanitarian crisis but it has led to a significant slowdown in global growth in 2022 and add to inflation. Leading the pack are the fuel and food prices which have increased dramatically denting low-income countries hardest.
SAP to exit Russia
SAP SE (SAP) said on Tuesday that it would exit Russia and shut down its cloud services in the country, while adding that it would not renew contracts with Russian companies after expiration.
‘Battle of Donbas’ starts on eastern front
Ukraine President Volodymyr Zelenskyy says that Russian forces are trying to breach defenses across the entire eastern front in what he calls the “Battle of Donbas.”
A “very large part of the entire Russian army is now focused on this offensive,” Zelenskyy said in a video address, according to Reuters. “No matter how many Russian troops they send there, we will fight.
Yellen to avoid Russia, meet Ukraine PM at Washington meetings
Treasury Secretary Janet Yellen plans to meet with Ukrainian Prime Minister Denys Shmyhal during this week’s big meetings of global economic leaders in Washington – but she’ll be trying to avoid most contact with Russian officials who plan to attend some portions of the event virtually.
IMF, World Bank meetings to focus on war, food insecurity
Global finance leaders are putting the growing crisis over food insecurity and skyrocketing food prices at center stage as members of the International Monetary Fund and the World Bank meet in Washington and grapple with the brutal effects of Russia’s war against Ukraine.
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– The AP contributed to this report.