Russia’s invasion attempt against Ukraine also changed the economic balances. While the USA and EU announced that they would remove Russia from the swift system, Russia banned the citizens of the country from lending abroad in foreign currency. After the developments, a warning came from the UN that ‘War may cause a regional crisis’. “We are facing a tragedy for Ukraine, a major regional crisis with potentially disastrous consequences,” said UN Secretary-General Antonio Guterres.
United Nations (UN) Secretary-General Antonio Guterres said that with the tragedy in Ukraine, everyone could face a major regional crisis with potentially disastrous consequences.
Guterres addressed the representatives of the member states at the extraordinary meeting of the UN General Assembly due to the ongoing war in Ukraine.
Stating that the war in Ukraine must stop as soon as possible, the Secretary General said, “This escalating violence resulting in the deaths of civilians, including children, is absolutely unacceptable. It is enough. Soldiers need to return to their barracks. Leaders need to go to peace.” he said.
“WE ARE FACE TOGETHER WITH A SITUATION THAT MAY BE THE WORST HUMANITARIAN CRISIS IN EUROPE IN YEARS”
Guterres stated that hundreds of thousands of Ukrainians were internally displaced and crossed borders to escape the war. “With refugees increasing by the minute, we are facing a situation that could easily become Europe’s worst humanitarian crisis in decades.” used the phrase.
Stating that the UN will not abandon the people of Ukraine and that they are determined to increase humanitarian aid, Guterres stated that in addition to the steps taken so far in this regard, they will launch a new coordinated emergency call to cover the needs of the displaced and those crossing the borders in Ukraine tomorrow.
“Humanitarian aid is vital, but it is not a solution. It only cures the worst effects of conflict. The only real solution is peace. The attack on Ukraine challenges the multilateral system based on international law and the UN Charter. It is frightening to even consider some of the possible consequences of worsening conflict. Regional tensions are rising. The latest security measures highlight the high risks for everyone. The economic repercussions of the crisis will have a widespread impact.”