It would be "catastrophic" if the Russia-Ukraine crisis escalated into a war, UN chief Antonio Guterres told the opening ceremony of the Munich Security Conference on Friday, which Moscow is not attending this year.
Follow our LIVE blog on Russia-Ukraine conflict LIVE Updates
"With a concentration of Russian troops around Ukraine, I am deeply concerned about heightened tensions and increased speculation about a military conflict in Europe," Guterres said.
If that happened, "it would be catastrophic," he warned. "There is no alternative to diplomacy."
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.