President Vladimir Putin warned on Saturday that Russia would consider any third party declaration of a no-fly zone over Ukraine as participation in the war.
Also, both sides blamed each other for failure to create a humanitarian corridor for evacuation of civilians.
International monetary Fund has warned of serious global economic impact of war.
# FATF
The global money laundering and terrorist financing watchdog FATF has retained Pakistan on its terrorism financing grey list.
Pakistan has been on the Grey list of the Paris based Financial action task force since June 2018 for failing to check money laundering, leading to terror financing.
The plenary on Friday decided against exiting Pakistan from the category despite the country meeting 32 out of 34 action points.
# China
China on Saturday announced a 7.1% hike in its defence spending as well as an annual GDP growth target of 5.5% for the coming year.
The defence spending would be hiked by 7.1% to 1.45 trillion yuan Or around $230 billion.
India’s defence spending this year was announced as around $70 billion.
# MILAN
Indian Navy ‘s largest multilateral exercise MILAN 2022, which saw the participation of more than 40 countries, ended on Friday.
The Sea phase of the 11th edition saw the participation of 26 ships, one Submarine and 21 aircraft.
The harbour phase was held from February 25 to 28 and the sea phase from March 1 to 4.