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Topic: The impact of Russian and Ukrain war on world economy - page 12. (Read 11386 times)

full member
Activity: 616
Merit: 118
The impact of the war between Ukraine and Russia on the economy and everyday life like in my country. This conflict has disrupted gas supplies and raised gas prices in a number of countries.

Countries that rely heavily on gas imports from Russia or via Ukraine for their gas supplies like mine can experience a very significant impact on the economy and on the prices of goods. Because an increase in gas prices causes an increase in the price of staple goods and other products that require energy to be produced or shipped. I hope that conditions will improve and that the efforts made can help reduce the negative impact of the Ukrainian and Russian wars on the global economy.
legendary
Activity: 3752
Merit: 1864
There is an article in Intellinews, which explains why Urals price is meaningless:

https://www.intellinews.com/urals-oil-price-is-increasingly-meaningless-allowing-russian-owned-refineries-in-europe-to-build-up-slush-funds-271098/

Quote
A recent study showed that Russian oil companies are actually getting over $80 per barrel in cash for a barrel, despite the fact that the FOB Urals price is under $50.

Then budget revenues from oil and gas revenus collapsed in December and January, but the oil companies continue to report record profits.

What appears to be happening is the budget has indeed seen a sharp fall in revenues, but the leading oil comapnies are still making huge profits. The sanctions mean they are no longer interested in reporting large profits but instead report as low a price for selling Urals as possible, which reduces their tax burden. In what is tantamount to a new transfer pricing scheme, the difference between the price the companies report and the cash they actually make accumulates in thier non-transparent offshore trading companies, creating a huge slush fund that in theory the Kremlin has access to.

Tax revenue for the Russian government has gone down, but oil companies such as Lukoil are making record profits. Lukoil is showing price of Urals crude as $40 per barrel in their returns, and then transporting this crude to the refineries that they own (ISAB refinery in Sicily, Zeeland Refinery in Rotterdam and refineries in Burgas and Constanta). Lukoil then process this crude and sells products at record margins. For the first three quarters of 2022, Lukoil increased the net profit to $8.6 billion. For the same period, Rosneft reported a net profit of $9.4 billion. Gazprom Neft reported profits of $6.7 billion (4x increase YoY). 

Your self-hypnosis deserves a special award. Tell me - when it's pouring rain, smog, dirt outside the window. Do you find a resource where it says that you have the sun and hot, put on flip flops, shorts and a T-shirt, and go to the beach?  Grin

Those. indicators of REAL prices on exchanges, information even from Russian STATE publications, specialized companies that write and publish data on real transactions at real prices, reports from the Ministry of Statistics and the Ministry of Finance of Russia on the global drop in oil and gas revenues, and failure to fulfill plans to fill the budget through the sale of oil and gas - "not suitable information" for you, because you want it to be different?  Grin

a few excerpts from the expanses of Russia itself:

- If in 2019 Gazprom's profit amounted to more than 1.2 trillion rubles, then in 2020 - only 135.3 billion rubles. The main reasons for the decline were the depreciation of the ruble and the fall in gas prices.
https://www.rbc.ru/business/29/04/2021/608a65999a79473d576883ba
- Gazprom reported a decrease in profit from 2.7 trillion rubles to 747 billion rubles year-on-year At the end of 2022, Gazprom's net profit under RAS amounted to 747.246 billion rubles, follows from the company's financial report. In 2021, Gazprom reported a net profit of 2.684 trillion rubles.
- The Russian monopolist Gazprom reported a drop in gas production in 2022. Thus, in January-September the company produced 313.3 billion cubic meters. m of natural gas, which is 17.1% (64.8 billion cubic meters) less than in 2021. At the same time, fuel exports to non-CIS countries amounted to 86.9 billion cubic meters. m is 40.4% (by 58.9 billion cubic meters) less than in the same period last year.
https://news.obozrevatel.com/economics/economy/dobyicha-i-eksport-gaza-iz-rossii-ruhnuli-otchet-gazproma.htm
- Russia's oil and gas revenues almost halved in February
https://www.forbes.ru/finansy/485672-dohody-rossii-ot-nefti-i-gaza-v-fevrale-sokratilis-pocti-vdvoe



full member
Activity: 2254
Merit: 223
#SWGT PRE-SALE IS LIVE
War certainly brought a broad impact, the Russian War vs Ukraine occurred for more than a year and of course involving many countries, European countries supported Ukraine and many countries that supported Russia, of course the impact of war is very difficult as an increasingly difficult economy.
Russia as an occupying country in its aggressive war in Ukraine is openly supported only by the Lukashenka regime (but not Belarus as a whole) and Iran. North Korea provides some support, and the world is now closely watching China's further actions after the recent trip of its leader to Russia.
In general, the entire civilized world is on the side of Ukraine, which is defending itself from direct Russian military aggression. Given that more than 50 states are providing all possible assistance to Ukraine, including military, as well as Russia's threats against many countries, this greatly spurred the arms race both in Europe and in the world as a whole. European countries are transferring Soviet-Russian equipment to Ukraine, and in return they receive new NATO equipment. Thus, rearmament is being accelerated, in addition, budget spending on defense is increasing. Few imagined that this could happen in Europe in the 21st century.
legendary
Activity: 3164
Merit: 1344
Leading Crypto Sports Betting & Casino Platform
There is an article in Intellinews, which explains why Urals price is meaningless:

https://www.intellinews.com/urals-oil-price-is-increasingly-meaningless-allowing-russian-owned-refineries-in-europe-to-build-up-slush-funds-271098/

Quote
A recent study showed that Russian oil companies are actually getting over $80 per barrel in cash for a barrel, despite the fact that the FOB Urals price is under $50.

Then budget revenues from oil and gas revenus collapsed in December and January, but the oil companies continue to report record profits.

What appears to be happening is the budget has indeed seen a sharp fall in revenues, but the leading oil comapnies are still making huge profits. The sanctions mean they are no longer interested in reporting large profits but instead report as low a price for selling Urals as possible, which reduces their tax burden. In what is tantamount to a new transfer pricing scheme, the difference between the price the companies report and the cash they actually make accumulates in thier non-transparent offshore trading companies, creating a huge slush fund that in theory the Kremlin has access to.

Tax revenue for the Russian government has gone down, but oil companies such as Lukoil are making record profits. Lukoil is showing price of Urals crude as $40 per barrel in their returns, and then transporting this crude to the refineries that they own (ISAB refinery in Sicily, Zeeland Refinery in Rotterdam and refineries in Burgas and Constanta). Lukoil then process this crude and sells products at record margins. For the first three quarters of 2022, Lukoil increased the net profit to $8.6 billion. For the same period, Rosneft reported a net profit of $9.4 billion. Gazprom Neft reported profits of $6.7 billion (4x increase YoY). 
member
Activity: 83
Merit: 11
The impact of war on the global economy is devastating, as seen in the shortage of oil and other essential resources. The ongoing conflicts will continue to affect the world's economy, resulting in rising inflation and instability.
sr. member
Activity: 1428
Merit: 252
War certainly brought a broad impact, the Russian War vs Ukraine occurred for more than a year and of course involving many countries, European countries supported Ukraine and many countries that supported Russia, of course the impact of war is very difficult as an increasingly difficult economy.
full member
Activity: 1050
Merit: 109
Indian refineries have published details on the landing cost of crude oil from Russia. In January 2023, average cost per barrel was $80, and this may include $20 to $30 per barrel for freight and insurance. The landing cost was not much different from the Indian basket ($81 per barrel), since under pressure Iraq was forced to reduce the price of crude oil it sells to India. So India is benefitting in both ways. In one hand, it gets cheap oil from Russia and on the other, it can demand other exporters to reduce their rates.

What are you talking about, but what about the oil price ceiling? Bloomberg is indignant, along with Mr. beer alcoholic, who tells everyone here about huge discounts. Okay, India, it recently turned out based on an analysis of financial statistics reports that the average price of Ural oil, which Japan buys from Russia (which is outrageous in itself, of course), was $68 per barrel in January 2023 - and this is without insurance and transportation. This is no good, as an evil tyrant cannot be defeated by the progressive global LGBT+ community.


I perfectly understand to whom the author so "subtly" sent a primitive insult Smiley Well, what else can you expect from a person who globally loses intellectually, except for a pitiful attempt, at least somehow, to insult primitively? Unless, of course, the word intelligence can be applied to my opponent at all Smiley

But let's not do the work of a psychiatrist, but move on to reality, from which someone just "be.closed"

So, from open sources, where prices are published from open sources. I focus on open sources, because "under the carpet" Russia actually sells much cheaper than the MARKET price. So, what about our prices?

1. December 2022 - to date - a corridor of approximately $55-50 per barrel. Real-time chart and real price, for buying "HERE AND NOW" (i.e. without discounts on large lots, in which India and China buy oil from Russia)
https://www.investing.com/commodities/crude-oil-urals-spot-futures
2. The most Russian newspaper, openly (that is, with the permission of the Kremlin), writes to us verbatim:
"Russia is selling oil to the Chinese at huge discounts amid Western sanctions, up to 20-30% of the cost."
And please note - this is before the introduction of the marginal price!
https://www.gazeta.ru/business/2022/06/20/15012116.shtml?updated


The question is - so which of us is an alcoholic, who, judging by the complete isolation from reality, has been tormented by delirium tremens all his life? Smiley

PS Attempts by pro-Russian propagandists to wishful thinking always look pitiful, funny, and always a primitive lie, which my opponent proved here with the utmost quality! Smiley
despite of the fact there have been arrest warrant issued for Putin nothing has changed so far -
legendary
Activity: 3752
Merit: 1864
Indian refineries have published details on the landing cost of crude oil from Russia. In January 2023, average cost per barrel was $80, and this may include $20 to $30 per barrel for freight and insurance. The landing cost was not much different from the Indian basket ($81 per barrel), since under pressure Iraq was forced to reduce the price of crude oil it sells to India. So India is benefitting in both ways. In one hand, it gets cheap oil from Russia and on the other, it can demand other exporters to reduce their rates.

What are you talking about, but what about the oil price ceiling? Bloomberg is indignant, along with Mr. beer alcoholic, who tells everyone here about huge discounts. Okay, India, it recently turned out based on an analysis of financial statistics reports that the average price of Ural oil, which Japan buys from Russia (which is outrageous in itself, of course), was $68 per barrel in January 2023 - and this is without insurance and transportation. This is no good, as an evil tyrant cannot be defeated by the progressive global LGBT+ community.


I perfectly understand to whom the author so "subtly" sent a primitive insult Smiley Well, what else can you expect from a person who globally loses intellectually, except for a pitiful attempt, at least somehow, to insult primitively? Unless, of course, the word intelligence can be applied to my opponent at all Smiley

But let's not do the work of a psychiatrist, but move on to reality, from which someone just "be.closed"

So, from open sources, where prices are published from open sources. I focus on open sources, because "under the carpet" Russia actually sells much cheaper than the MARKET price. So, what about our prices?

1. December 2022 - to date - a corridor of approximately $55-50 per barrel. Real-time chart and real price, for buying "HERE AND NOW" (i.e. without discounts on large lots, in which India and China buy oil from Russia)
https://www.investing.com/commodities/crude-oil-urals-spot-futures
2. The most Russian newspaper, openly (that is, with the permission of the Kremlin), writes to us verbatim:
"Russia is selling oil to the Chinese at huge discounts amid Western sanctions, up to 20-30% of the cost."
And please note - this is before the introduction of the marginal price!
https://www.gazeta.ru/business/2022/06/20/15012116.shtml?updated


The question is - so which of us is an alcoholic, who, judging by the complete isolation from reality, has been tormented by delirium tremens all his life? Smiley

PS Attempts by pro-Russian propagandists to wishful thinking always look pitiful, funny, and always a primitive lie, which my opponent proved here with the utmost quality! Smiley
legendary
Activity: 2338
Merit: 1775
Transnistria is a very small part of Moldova.

This territory has no strategic value.

At one time, a significant part of the industrial enterprises of Moldova (the former Moldavian Soviet Socialist Republic) was located on the territory of Transnistria. These were light industry enterprises, dairies, and meat processing enterprises.

Perhaps they are still in operation. But the possible capture of Transnistria by Ukrainian troops will not change anything in the course of hostilities.

The capture of Odessa, in my opinion, is a very unlikely event. Especially given the impossibility of landing an amphibious assault. So far, we are seeing a classic trench warfare model of the First World War of 2014-2018 or the Iran-Iraq military conflict.

This is all very bad...



Exactly ! PMR is the territory of Moldova, temporarily occupied by a terrorist country, Russia!

A little history of the birth of the PMR - another "metastasis of the Russian world". After the collapse of the ear on clay feet, USSR. Anti-Russian sentiments grew in many republics freed from the slavery of the USSR. This threatened to break any relations, and the complete withdrawal of the occupying country from the liberated republics. Plus, the loss of influence in the region, which Russia was very afraid of losing. Without hesitation, Russia, according to the training manual, launches the scenario of an ethnic internal conflict, and the most idiotic topic is the protection of the Russian-speaking region and the Slavic population from the "Chisinau junta". In 1992, this escalated into a military conflict with the entry of the Russian army into the territory of the PMR. We noticed - that 1992 in Moldova, that 2008 in Georgia, that 2014 in Ukraine - one and the same scenario of "the birth of metastases of the Russian world."

So, the 14th Guards Combined Arms Army of the RF Armed Forces was introduced in the PMR and remains to this day. She really habitually degraded, but still there. Both for Ukraine and, of course, for Moldova, these are risks. Moreover, this is an illegally created, separatist, anti-European entity. Well, plus, on this territory there is the largest ammunition depot in Europe - about 20 thousand tons of ammunition: shells, air bombs, mines, grenades, cartridges ... They were the target of the Russian terrorist army, at the beginning of the second wave of the terrorist attack on Ukraine in February 2022 of the year.
Given that Russia is a terrorist state, and is now extremely dissatisfied with the current government of Moldova, and is making every effort to destabilize the situation in Moldova, the warehouses can be a point of support for a new terrorist attack from the PMR on Moldova, or sabotage groups.
Therefore, I do not exclude that in the near future, the PMR will be denazified, demilitarized, and will be returned to the legal borders of the independent Republic of Moldova. And in the world there will be one less cancerous tumor of the Russian world!

The history of Transnistria is a very tragic story.  Initially, there was a single country - the USSR.  

The so-called Moldavian Soviet Socialist Republic was then the place of compact residence of Moldavians.  Ethnically and culturally, Moldovans are closest to Romanians.  At the same time, Moldova is a purely agrarian country, Moldovans specialize in agriculture.  At the same time, an industrial territorial entity (the so-called Transnistria) was artificially included in the Moldavian SSR, the majority of the population, which was predominantly not even Russians, but Ukrainians.  

It was the Ukrainians who were the titular nation in this region.  And from the point of view of common sense, Transnistria, of course, should have been part of Ukraine, and not Moldova.  

Alternatively, this region could be included in Russia (the former RSFSR), since there are a lot of Russians in Transnistria (the second largest nationality after Ukrainians).  But the problem was that Transnistria does not border Russia, for Russia it is an enclave.  

Since no one planned the collapse of the USSR, Pridnestrovie was part of the Moldavian USSR.  When the USSR collapsed, Moldovan troops attacked the peaceful cities of Transnistria (it was a national conflict).  In particular, the city of Bendery was destroyed.  It was a terrible disaster.

Fortunately, a smart, honest and determined Soviet general, an ethnic Ukrainian Alexander Lebed, was found.  Thanks to his decisive actions, this war was stopped, and the killing of civilians was stopped.
legendary
Activity: 3752
Merit: 1864
Transnistria is a very small part of Moldova.

This territory has no strategic value.

At one time, a significant part of the industrial enterprises of Moldova (the former Moldavian Soviet Socialist Republic) was located on the territory of Transnistria. These were light industry enterprises, dairies, and meat processing enterprises.

Perhaps they are still in operation. But the possible capture of Transnistria by Ukrainian troops will not change anything in the course of hostilities.

The capture of Odessa, in my opinion, is a very unlikely event. Especially given the impossibility of landing an amphibious assault. So far, we are seeing a classic trench warfare model of the First World War of 2014-2018 or the Iran-Iraq military conflict.

This is all very bad...



Exactly ! PMR is the territory of Moldova, temporarily occupied by a terrorist country, Russia!

A little history of the birth of the PMR - another "metastasis of the Russian world". After the collapse of the ear on clay feet, USSR. Anti-Russian sentiments grew in many republics freed from the slavery of the USSR. This threatened to break any relations, and the complete withdrawal of the occupying country from the liberated republics. Plus, the loss of influence in the region, which Russia was very afraid of losing. Without hesitation, Russia, according to the training manual, launches the scenario of an ethnic internal conflict, and the most idiotic topic is the protection of the Russian-speaking region and the Slavic population from the "Chisinau junta". In 1992, this escalated into a military conflict with the entry of the Russian army into the territory of the PMR. We noticed - that 1992 in Moldova, that 2008 in Georgia, that 2014 in Ukraine - one and the same scenario of "the birth of metastases of the Russian world."

So, the 14th Guards Combined Arms Army of the RF Armed Forces was introduced in the PMR and remains to this day. She really habitually degraded, but still there. Both for Ukraine and, of course, for Moldova, these are risks. Moreover, this is an illegally created, separatist, anti-European entity. Well, plus, on this territory there is the largest ammunition depot in Europe - about 20 thousand tons of ammunition: shells, air bombs, mines, grenades, cartridges ... They were the target of the Russian terrorist army, at the beginning of the second wave of the terrorist attack on Ukraine in February 2022 of the year.
Given that Russia is a terrorist state, and is now extremely dissatisfied with the current government of Moldova, and is making every effort to destabilize the situation in Moldova, the warehouses can be a point of support for a new terrorist attack from the PMR on Moldova, or sabotage groups.
Therefore, I do not exclude that in the near future, the PMR will be denazified, demilitarized, and will be returned to the legal borders of the independent Republic of Moldova. And in the world there will be one less cancerous tumor of the Russian world!
full member
Activity: 2044
Merit: 180
Chainjoes.com
They have been telling that sanctions will crumble Russia but it's not true anymore, after a year of this conflict, the sanctions are not affecting them.
That's the same mistake some people make about Europe. Just because there was an initial propaganda about an unrealistically terrible result (Russia crumbling like Europe freezing over) that didn't happen, it doesn't mean there wasn't any negative effects at all.

The reality is that both Russia and NATO are severely affected by this war that has been going on between them for the past year. Both sides have been able to replace part of what they've lost (Europe replacing a small part of its energy supply, Russia replacing part of its energy customers) but it hasn't been enough to negate all the effects. Examples of these negative effects are in Europe with massive deindustrialization and in Russia with budget deficit.
All the european countries and NATO collectively failed stop the war.
However they have accelatered the war and created so much trouble for the people around the globe.
European countries and NATO countries are not directly at war with Russia. They only help Ukraine with military equipment and ammunition, provide financial and humanitarian assistance. At the same time, NATO countries began to provide assistance with tanks and modern air defense systems only recently, almost a year after the start of large-scale Russian aggression. NATO tanks have just begun to arrive in Ukraine and have practically not yet been used in this war.

Russia will soon feel the full power of NATO precision weapons in response to continuous attacks on the positions of Ukrainian defenders of its territory. If the NATO countries had entered this war, it would have ended long ago with the complete surrender of Russia. Putin's propaganda began to actively spread rumors that Russia was at war with NATO after a series of failures on the Ukrainian front, since it was inconvenient to realize that the "second army of the world" was suffering a crushing defeat from the Ukrainian Armed Forces.
copper member
Activity: 2072
Merit: 901
White Russian
Indian refineries have published details on the landing cost of crude oil from Russia. In January 2023, average cost per barrel was $80, and this may include $20 to $30 per barrel for freight and insurance. The landing cost was not much different from the Indian basket ($81 per barrel), since under pressure Iraq was forced to reduce the price of crude oil it sells to India. So India is benefitting in both ways. In one hand, it gets cheap oil from Russia and on the other, it can demand other exporters to reduce their rates.

What are you talking about, but what about the oil price ceiling? Bloomberg is indignant, along with Mr. beer alcoholic, who tells everyone here about huge discounts. Okay, India, it recently turned out based on an analysis of financial statistics reports that the average price of Ural oil, which Japan buys from Russia (which is outrageous in itself, of course), was $68 per barrel in January 2023 - and this is without insurance and transportation. This is no good, as an evil tyrant cannot be defeated by the progressive global LGBT+ community.
legendary
Activity: 3654
Merit: 1217
Indian refineries have published details on the landing cost of crude oil from Russia. In January 2023, average cost per barrel was $80, and this may include $20 to $30 per barrel for freight and insurance. The landing cost was not much different from the Indian basket ($81 per barrel), since under pressure Iraq was forced to reduce the price of crude oil it sells to India. So India is benefitting in both ways. In one hand, it gets cheap oil from Russia and on the other, it can demand other exporters to reduce their rates.

copper member
Activity: 2072
Merit: 901
White Russian
They have been telling that sanctions will crumble Russia but it's not true anymore, after a year of this conflict, the sanctions are not affecting them.
That's the same mistake some people make about Europe. Just because there was an initial propaganda about an unrealistically terrible result (Russia crumbling like Europe freezing over) that didn't happen, it doesn't mean there wasn't any negative effects at all.

The reality is that both Russia and NATO are severely affected by this war that has been going on between them for the past year. Both sides have been able to replace part of what they've lost (Europe replacing a small part of its energy supply, Russia replacing part of its energy customers) but it hasn't been enough to negate all the effects. Examples of these negative effects are in Europe with massive deindustrialization and in Russia with budget deficit.
The problems with the budget deficit in Russia, about which only the lazy one did not speak about a month ago, are approximately 80% due to the introduction of a single tax bill in Russia from 2023. In this regard, in the first month of the year there were some technical difficulties with the display of revenues to the budget revenues on the balance sheet. Already in February, the system was debugged and started to work normally, and talk about an abnormally large budget deficit in Russia somehow subsided by itself. Because there was no budget deficit, it was a software failure in the work of the tax service, which, by the way, is one of the most progressive in the world.

I still maintain that for Russia, Western sanctions are not an evil, but a blessing. If they didn't exist, they would have to be invented. And Polish farmers can continue to feed pigs with their apples.  Grin
hero member
Activity: 1792
Merit: 507
They have been telling that sanctions will crumble Russia but it's not true anymore, after a year of this conflict, the sanctions are not affecting them.
That's the same mistake some people make about Europe. Just because there was an initial propaganda about an unrealistically terrible result (Russia crumbling like Europe freezing over) that didn't happen, it doesn't mean there wasn't any negative effects at all.

The reality is that both Russia and NATO are severely affected by this war that has been going on between them for the past year. Both sides have been able to replace part of what they've lost (Europe replacing a small part of its energy supply, Russia replacing part of its energy customers) but it hasn't been enough to negate all the effects. Examples of these negative effects are in Europe with massive deindustrialization and in Russia with budget deficit.
All the european countries and NATO collectively failed stop the war.
However they have accelatered the war and created so much trouble for the people around the globe.
full member
Activity: 1050
Merit: 109
They have been telling that sanctions will crumble Russia but it's not true anymore, after a year of this conflict, the sanctions are not affecting them.
That's the same mistake some people make about Europe. Just because there was an initial propaganda about an unrealistically terrible result (Russia crumbling like Europe freezing over) that didn't happen, it doesn't mean there wasn't any negative effects at all.

The reality is that both Russia and NATO are severely affected by this war that has been going on between them for the past year. Both sides have been able to replace part of what they've lost (Europe replacing a small part of its energy supply, Russia replacing part of its energy customers) but it hasn't been enough to negate all the effects. Examples of these negative effects are in Europe with massive deindustrialization and in Russia with budget deficit.
Heard there were orders to arrest Putin . .
Because he has been declared terrorist in the internal courts - will they be able to arrest him - I m not sure.
legendary
Activity: 3444
Merit: 10558
They have been telling that sanctions will crumble Russia but it's not true anymore, after a year of this conflict, the sanctions are not affecting them.
That's the same mistake some people make about Europe. Just because there was an initial propaganda about an unrealistically terrible result (Russia crumbling like Europe freezing over) that didn't happen, it doesn't mean there wasn't any negative effects at all.

The reality is that both Russia and NATO are severely affected by this war that has been going on between them for the past year. Both sides have been able to replace part of what they've lost (Europe replacing a small part of its energy supply, Russia replacing part of its energy customers) but it hasn't been enough to negate all the effects. Examples of these negative effects are in Europe with massive deindustrialization and in Russia with budget deficit.
sr. member
Activity: 1701
Merit: 308
until now the World War between Ukraine and Russia has not ended and I believe the world economy is currently in big trouble, for both countries currently it has felt a lot of losses, and for European countries the current economic journey is not going as desired because Russia does have such oil assets to export to other countries, So the impact that we feel today is very large, so everyone hopes that the two countries will end soon for the current war, so that the economy we are currently living in can run in accordance with the government program that has been set.
full member
Activity: 1044
Merit: 103
The war of Ukraine and Russia has really a big impact specially to those country who import a gas from russia or from Ukraine, in my country we are suffering from the very high gas price it really affect the life of the ordinary people specially in importing products from one place to another the cost of the gas is very expensive that is why the basic needs products price is rising.
legendary
Activity: 3752
Merit: 1864
When there is a war, of course, it will have a global impact, the Russia and Ukraine war happened for more than a year and many things were directly affected, the factory where I work needed raw materials from Russia, and when there was a war, there was a disruption in raw materials which made it have to be imported from other countries others are more expensive.

Russia is a major exporter of crude oil, natural gas, sunflower oil, wheat, potash fertilizer and thermal coal. The prices of all these commodities (with the exception of crude oil) have risen by 2x to 3x since the war began. Here in India, a 5 liter can of sunflower oil used to cost ₹600. Now it costs anywhere from ₹1,000 to ₹1,200. Wheat prices have almost doubled since the last 12 months. Price of natural gas increased by 6 times since 2020. Coal prices are up by almost 100%. The same can be said about Potash fertilizer as well.


Are you really surprised? Those. you support the country of the world terrorist, which unleashed a terrorist war in Ukraine, and then against the whole world, and now you are sitting and complaining that for some reason your food has risen in price? This is how it should be Smiley You deserve it, and YOU DO THIS with your own hands Smiley
By the way, about gasoline - here Russia is definitely not to blame, at least in relation to India. The Indian government buys oil from a terrorist country for a penny! And then he sells gasoline to the population of India at a greatly inflated price, hiding behind the allegedly increased price of oil. But you are used to believing empty statements and propaganda, and you don’t even try to check how much oil from terrorist countries really costs for India now. And most likely you are just afraid to calculate - how much fuel should cost in India for the PEOPLE ...

PS By the way, thanks to India - at some level they realized that making friends with outcasts is stupid, and supported international sanctions against a terrorist country! Smiley
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