If the geopolitical situation becomes more difficult, OPEC + may demand an increase in oil supplies.
LIC IPO: Russian forces begin their offensive against Ukraine on 24 February. In such a situation, while talking to CNBC-TV18, some sources in the Indian government said that the government is keeping an eye on the Russian invasion of Ukraine. The government is keeping a close eye on the changing situation in Eastern Europe. These sources further said that the upcoming IPO of LIC will proceed as per its scheduled plan. The government has until the first week of March to decide. Sources say the Russian attack on Ukraine will not affect LIC’s IPO.
Official sources stressed that the government is fully prepared to deal with any global situation. The incident is unlikely to have any impact on the Indian economy. Official sources say global geopolitical tensions in general are the main cause of rising interest rates and inflation, but they have little to do with whether the response to the Russian attack in Ukraine will affect the global economy and create uncertainty. It won’t be too hard. In this case, if the cost of borrowing (the cost of interest) increases, it can be managed.
Russia’s military action in Ukraine has shown its impact, hitting a 20-month high on the fear index
Official sources also said that if the geopolitical situation becomes more difficult, OPEC + may demand an increase in oil supplies. Regarding oil exports from Iran, experts say that the supply of oil from Iran could increase further. Due to which there will be no big problem with oil in the country.