Russia-Ukraine war Current Affairs, GK & News

World Bank USD 30 Billion Fund for Food Crisis

Actions that will be taken by the World Bank to mitigate the ongoing food security have been announced. The World Bank will be investing up to USD 30 billion to finance new and existing projects to mitigate the crisis. The World Bank will be providing financing in which areas? Financing will be provided in the ..

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Russia’s Withdrawal from UNWTO

The UN World Tourism Organization (UNWTO) has announced that Russia has decided to withdraw from the UNWTO. The announcement was made by UN World Tourism Organization Secretary-General Zurab Pololikashvili. Overview: According to the UNWTO, Russia decided to withdraw from this organization ahead of a vote by the body to suspend Russia for its war against ..

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Neptune Cruise Missile

Neptune is the name of a Ukrainian anti-ship cruise missile that was developed by the Luch Design Bureau. The design of this missile is based on the Soviet Kh-35 anti-ship missile. Compared to the Kh-35 it has improved electronics and range. Overview: This missile system has been developed to destroy transport vessels and surface warships. ..

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Black Sea Biosphere Reserve

The Black Sea Biosphere Reserve is a biosphere reserve that is located in Ukraine’s littoral zone or nearshore of the coast of the northern Black Sea. It covers the region of the Mykolaiv and Kherson Oblasts and also includes the Yahorlyk Bay and the Gulf of Tendra. Overview: This reserve is part of Ukraine’s National ..

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World Bank: India’s GDP Forecast- Update

For the fiscal year 2022-23, India’s GDP forecast has been slashed by the World Bank from 8.7 percent to 8 percent. The reason given for the change in forecast is due to rising inflation and worsening global supply caused due to the Russia-Ukraine war. Overview: South Asia’s growth outlook, excluding Afghanistan has also been slashed ..

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WTO Projection on Global Trade Growth

The World Trade Organization (WTO) has revised its global trade growth forecast this year from 4.7 percent to 3 percent due to the impact of the Russia-Ukraine war. The WTO has also warned about a potential food crisis that might be caused price surges. Overview: This WTO report has stated that the conflict which is ..

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