The war taking place in Ukraine could have repercussions on the global economic recovery. The warning was given by the director of the International Monetary Fund (IMF), Kristalina Georgieva.

Through her social network, Twitter, Georgieva said she was "deeply concerned" and warned that Russia's invasion of Ukraine "adds significant economic risk to the region and the world.

"We are assessing the implications and are prepared to support our members as needed," he added.

Russian President Vladimir Putin is known to have begun his invasion of Ukraine on Thursday morning with shelling and ground incursions of troops in various parts of the country, including near the capital, Kiev.

The attacks caused dozens of deaths in just a few hours and a flurry of international condemnations and reactions.

Information advanced by some news portals states that with the Russian advance, stock markets fell and commodity prices rose.