Humanity was nearly insecure, a nuclear disaster, when Russian armed troops got hold of the Zaporizhzhia nuclear power station in Ukraine. Russian soldiers destroyed and captured the Zaporizhzhia facility. This facility is considered Europe’s biggest nuclear power station. So, Russian invasion of Ukraine created uncertainty throughout the world.
The G-7 delegations condemned Russia invasion of Ukraine. The delegations threatened to impose sanctions on Moscow and its ally Belarus unless the attack stopped. So, President Volodymyr Zelenskyy advised Europeans to rally behind his country.
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IT Companies steps on Russia Invasion
Samsung Electronics has entered in a long list of IT and electronic goods firms that have stopped shipping to Russia. So, The South Korean technology manufacturer said that it would stop shipments to Russia and give $6 million to international aid.
Silicon Valley companies like Apple, Google, and Meta have made it more difficult for Russians to use some of the world’s most extensively used technology. According to Reuters, Samsung Electronics is the leading phone manufacturer in Russia, with a 30 percent market share in Russia as of the fourth quarter.
Stocks of Apple, Meta, Google, Visa, Mastercard, AMEX, Netflix are under immense pressure due to the on going situation in Ukraine. Given the fact that the stocks are extremely oversold, traders are considering that as an opportunity to bag some bargains as their fundamentals are strong. You can find the best stock broker here.
Western Business Response to the Russia invasion of Ukraine
Russia invasion has received a variety of responses from Western businesses. Microsoft said it would be assisting Ukraine by temporarily stopping the sale of new goods in Russia. So, Apple said on Tuesday that it would no longer sell items in Russia via its Apple Store.
Impact of War on Russian Oligarchs
The superyacht of billionaire Alexei Mordashov was detained in Imperia, according to a media assistant to Italian Prime Minister Mario Draghi. So, Russian invasion on Ukraine creating volatility in stocks market and crypto market. Get all the information related to stocks and crypto from www.coinbroker.io.