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State of Emergency declared in Ukraine - 24th February News Update


A warm welcome to all our current and new viewers. Today's articles is a follow up on the past few articles regarding the tensions between Russia and Ukraine.


  • Ukrainian President Volodymyr Zelensky has stated that Russia could start its attack on Ukraine any day now. 
  • Late-night Wednesday, President Zelensky has failed to contact Russian President Vladimir Putin. 
  • Russia has amassed nearly 200,000 troops and several thousand combat vehicles near the Ukrainian borders. 
  • President Zelensky has indicated that his country is prepared for an all-out war with Russia, vowing, "if Russia attacks, if they try to our country, our freedom, our lives, the lives of our children, we will be defending ourselves". The President has made an emotional plea to Russia to reject an attack. Zelensky has stated that Russians are being lied to about Ukraine.
  • Ukraine has issued a state of emergency and advised its citizens living in Russia to return home. 
  • On the other hand, Russia has issued a civil aviating notice warning indicating the closure of all eastern Ukrainian airspace on the border with Russia.  


  • A Ukrainian minister has told Interfax-Ukraine news outlet that the country's health, security, and foreign ministries have been taken offline due to a denial of service (DDOS) attack.
  • A DDOS attack is designed to overwhelm websites by flooding the network with fake traffic and preventing regular communication.

United Nations Security Council

  • The UNSC will hold an emergency meeting to discuss the Russia-Ukraine situation.
  • Council diplomats are finalising a draft resolution that suggests Russia violates the UN Charter, international law, a 2015 council resolution endorsing the Minsk agreements to restore peace in eastern Ukraine.


  • Spot Gold high's on Tuesday (23rd February) was at $1,914/ounce. The uncertainty in the marketplace has yet to reach ceilings as the tensions between Russia and Ukraine escalate. 
  • The economy is preparing for high inflation as additional sanctions are imposed on Russia. Investors' lack of confidence in tensions dissolving between Russia and Ukraine has kept them on their toes. Many investors have sought gold as a safe guard against turmoil. 



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