There’s a war because they don’t want to take the matter to court anymore, either they don’t recognize the court or they’re simply not part of it. When two countries have a dispute, they need to be members of an international court for litigation to happen, and for the court to make a judgment. But in the case of Russia and Ukraine, I don’t think they even have that option.
One example I’m familiar with (since we’re talking about resources) is the Philippines' claim over the West Philippine Sea. The Permanent Court of Arbitration already ruled in favor of the Philippines, but China refused to recognize the ruling and still insists that they own the area.
If the Philippines were to fight for their rights militarily, it would just lead to war. And honestly, it would be suicidal since they don’t stand a chance against China. This just shows how big countries can bully smaller ones and ignore international courts when the rulings don’t favor them.
https://pca-cpa.org/en/cases/7/The South China Sea Arbitration (The Republic of Philippines v. The People's Republic of China)
On 22 January 2013, the Republic of the Philippines instituted arbitral proceedings against the People’s Republic of China under Annex VII to the United Nations Convention on the Law of the Sea (the “Convention”). The arbitration concerned the role of historic rights and the source of maritime entitlements in the South China Sea, the status of certain maritime features in the South China Sea, and the lawfulness of certain actions by China in the South China Sea that the Philippines alleged to be in violation of the Convention. China adopted a position of non-acceptance and non-participation in the proceedings. The Permanent Court of Arbitration served as Registry in this arbitration.
Also big Capital investors have but bigger bets on ukraine
Given these circumstances, it is evident that Ukrainian bonds currently attract more investment interest compared to Russian bonds. The restructuring efforts have made Ukrainian debt more appealing as it offers potential returns linked to economic recovery post-conflict. In contrast, Russian bonds are struggling with low demand and high risk due to geopolitical tensions and sanctions.
In summary, while both countries’ bond markets are influenced by their respective political situations, Ukrainian bonds have garnered more buyer interest and larger investments, particularly following their recent successful restructuring.
But Even If ukraine lose, the big banks and hedge funds are hedged against losses they buy russian bonds too so If they lose with ukraine then they win with russia and russia will get minerals and selling those minerals so the bond holders can make profit all the ways they are prepared to win all the ways
the main buyers of Russian bonds predominantly come from high-risk institutional investors located in countries like the United States, United Kingdom, China, and certain Middle Eastern nations. Conversely, Ukrainian bonds are mainly acquired by foreign governments from European Union countries, the United States, Canada, and international financial organizations such as the IMF and World Bank.