Kyiv rejects Moscow’s deadline for surrender of Mariupol; Biden visits Poland

Outside the station, it’s not just sympathy for the refugees, but anger and resentment towards Russian President Vladimir Putin. (PhotoExpress)

The Indian Express has reached the front lines of war in Warsaw, Poland, where fleeing children, women and elderly men are finding refuge after crossing into Ukraine. Warsaw Central, the train station at the heart of Poland’s massive mobilization, comes to the aid of people on the run. It is a transit hub from where refugees take trains and buses to other cities in the country and across Europe – more than 2 million of them, at last count, of the 3.9 million who fled Ukraine.

The buses keep coming. It’s day 25 of the Russian invasion of Ukraine and amid another round of talks for an elusive truce – this time it’s Turkey claiming common ground – the buses continue to ‘to arrive. Bring children, women and old men on the run. Hungry and tired, carrying everything they can in small bags, fleeing war, leaving behind their homes, families, friends and pets.

They are welcomed by hundreds of volunteers who provide them with information on where and how they can move next, translation services, hot meals, sweets and emotional support. Welcome to Warsaw Central, the train station at the heart of Poland’s massive mobilization to help those fleeing the Russian invasion of Ukraine. It is a transit hub from where refugees take trains and buses to other cities in the country and across Europe – more than 2 million of them, at last count, of the 3.9 million who fled Ukraine.

India’s foreign exchange reserves fell by $9.64 billion to $622.275 billion in the week ending March 11, 2022, as the rupee depreciated against the US dollar in a amid rising crude oil prices and capital outflows due to sustained selling by foreign portfolio investors (REITs). This is the biggest drop in reserves in nearly two years after dropping $11.98 billion in the week ending March 20, 2020, when the Covid-19 pandemic hit India. and that the REITs withdrew funds.

Putting heavy pressure on the rupee, foreign investors withdrew Rs 41,617 crore in March. The outflow came after withdrawals of Rs 45,720 crore in February and Rs 41,346 crore in January. With this, REITs have withdrawn Rs 225,649 crore (excluding REIT investments in IPOs) since October 1, 2021, mainly anticipating an interest rate hike by the US Federal Reserve. Additionally, Brent prices hit a near 14-year high of $140 as the Russian-Ukrainian war escalated. As India imports nearly 80% of its domestic requirements, high crude oil prices would also have led to a sharp increase in dollar requirements.

Christi C. Elwood