President Luis Abinader suspended his scheduled activities to be held in the interior of the country this Thursday and called, for two in the afternoon, an emergency meeting of the Economic Cabinet to take special measures in relation to the effects that the conflict between Russia and Ukraineafter the decision of the Russian Government to invade Ukraine.
Those special measures will be announced on February 27 during the accountability speech.
"Today we are witnessing the largest military operation in Europe since the Second World War… this situation goes beyond the price of oil, which today on the market exceeds 100 dollars per barrel, but it is also affecting most raw materials, especially what has to do with the production of food such as wheat, soybeans and corn"Abinader said.
The head of state stated that this armed conflict will cause an economic crisis "special" what can affect "drastically" the world situation.
"We came out of the pandemic, the pandemic created a dissolution in the distribution and distribution channels that has created world inflation and this is now going to get worse with this military crisis that is obviously going to create situations in all the prices of raw materials, commodities, of oil, as we are seeing today"added the President.
Call on the Dominican people not to worry
Abinader exclaimed that the Dominican people "you can trust" how the authorities will respond to the crisis "within his possibilities" so he called for not worrying but paying attention to what happens in that conflict.
"But at the same time we must remain calm, our activities that the economic recovery of the free zones, construction, tourism must continue "added the president.
He will speak about the war this afternoon
The President said he was dismayed at the human losses that have occurred due to the armed conflict and that on the "armed aggression he would be referring to this afternoon".
This Thursday, after Russian President Vladimir Putin announced a "military operation" in the Ukraine the markets have collapsed and the price of oil shot up above 100 dollars.
Abinader’s statements were made after leading a meeting of the police council at the National Police Palace.