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The Russian invasion of Ukraine entered its 119th day on Wednesday. The epicentres of the war are in tatters, and casualties mounting. But beyond the borders of the region, countries are engaged in a different kind of war. A war to save their economies.
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Crude oil prices are hovering above $100 a barrel for a while, supply chain is disrupted, inflation in most countries is above their comfort level and the world’s largest economy, the US, is staring at recession. India too couldn’t remain untouched.
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