Russia invades Ukraine

Ukraine sees fastest displacement crisis since WWII, aid group says 

More than 2 million Ukrainian refugees have crossed into Poland since Russian forces invaded Ukraine a month ago.

It’s “the fastest displacement crisis we’ve seen since the Second World War,” the International Rescue Committee said in a statement Thursday.  

The IRC said Poland has “acted quickly” to legalize the stay of Ukrainians and to provide access to social services like healthcare, education, and financial assistance.

“However, to receive most benefits, registration for a Polish ID number is required. Even with the swift registration process established by the Polish government, it will be a long process to register the over one million people who are expected to stay on in Poland,” said Heather Macey, IRC Team Lead in Poland.

Western leaders set for critical day of summits as they ready the next phase of responses to war

From CNN’s Kevin Liptak

slew of emergency summits Thursday could help determine the next phase of the Western response to Russia’s war in Ukraine, which US officials warn is entering an uncertain but bloody stretch.

Announcements on new sanctions, NATO force posture and military assistance are all expected as part of the diplomatic burst, according to US and European officials.

Representatives from the White House and European governments spent days leading up to the summit in intensive conversations finalizing steps for leaders to unveil following their talks.

What they won’t do is what embattled Ukrainian President Volodymyr Zelensky has repeatedly asked: Enforce a no-fly zone over Ukraine.

US and NATO officials have repeatedly said that such a move would risk provoking President Vladimir Putin and sparking a wider war with Russia.

Western allies have also found it difficult to take more aggressive steps, such as providing Russian-made fighter jets to Ukraine or deciding to cut themselves off from Russian energy supplies, which could potentially cripple Russia’s economy.

Foreign investors are fleeing Taiwan following Russian invasion of Ukraine. Here’s why

From CNN Business’ Michelle Toh

War in Europe has triggered a massive flight of capital from an Asian island nearly 5,000 miles away.

Over the last month, Russia’s invasion of Ukraine has heightened concerns about the risk that China could increase its military force against Taiwan, triggering what some analysts have described as an unprecedented exodus by overseas investors.

In the three weeks following the invasion, foreign investors dumped shares worth about 480 billion Taiwanese dollars ($16.9 billion), according to Alex Huang, director at Mega International Investment Services, a Taipei-based firm.

That outflow is the biggest on record, he said, exceeding the value of Taiwanese shares sold by foreign investors in the whole of 2021, which Bank of America analysts have estimated at $15.6 billion.

Goldman Sachs analysts project that Taiwan has seen an outflow of $15.6 billion over the past month, topping last year’s tally of $15.3 billion.

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