Topic: The impact of Russian and Ukrain war on world economy - page 22. (Read 13245 times)

When Russia opened a "special military operation" in Ukraine, the global economy was still recovering after the Covid-19 pandemic caused + more war caused a serious economic crisis.The cost of living skyrocketed, inflation escalated, energy was one of the industries hardest hit after the Russo-Ukrainian war, followed by economic sanctions that the West levied on this country. This, inadvertently became a trigger for the world economy.

Correct me if I'm wrong but that cold war didn't contain any armed conflict between two sides. It was all "chest pounding" so to speak and flexing muscles. This time it is an armed conflict between Russia and NATO inside a third country as the proxy.
Although I agree that suspending START isn't an indication of a nuclear war but there are many other reasons why the risk of one is high.

I do not really believe that this is precisely the preparation for a nuclear war. 

All this is very similar to the return of the Cold War rhetoric between the USSR and the USA. 

However, this does not mean that they are planning to turn the cold war into a hot nuclear war.  The fact is that the Cold War is a very good way to mobilize the population of Russia to confront the rest of the world.  This is a very good reason to isolate the country and close the borders for entry and exit.  All this increases the manageability of the country in the current situation. 

From the point of view of the long term, this is a catastrophe, since the economy of an individual country can develop harmoniously only in conditions of interaction with the outside world.  I'm not talking about other risks not directly related to the Cold War between Russia and the West.

Putin said in his address today that he is suspending his participation in the Strategic Arms Reduction Treaty
Now they are preparing a nuclear war since they are very annoyed because their nuclear center is being targeted

Speaking to nearly a year to the day since ordering an invasion that has triggered the biggest confrontation with the west since the 1962 Cuban Missile crisis Putin said Russia would achieve its war aims and accused the west of trying to destroy Russia, the elite of the west do not hide their purpose. But they also cannot fail to realise that is impossible to defeat Russia on the battlefield - this is what Putin said

I don't think about the rulers of war who will kill as many people as possible at this time, because the warring parties will only kill their opponents even though the effect can affect many people and can affect important sectors such as the economy. Actually the three things you mentioned were caused by human activities on this earth, although not all humans are to be considered guilty.

But the effects of those who don't take care of their health during Covid will also have a huge impact on other people, as well as the effects of natural disasters caused by human activities that don't protect the natural environment around them. And for war I think it's not much different because it also arises from the will of the country that has more power on this earth.

I agree with you that it is not the Covid-19 coronavirus pandemic and not the Russian-Ukrainian war (disastrous and catastrophic) that have such a negative impact on the global economy. 

There are probably deeper reasons.  Recently, the system of globalization has covered the entire globe. 

However, the capitalist system is programmed for constant expansion.  For this social system to function successfully, there must be rich countries with an excess of capital and poor countries with a lack of it. 

It is the gap between wealth and poverty that creates the electrical impetus for the functioning of capitalism.  Without it, he is dead.

Both the factors mentioned here (COVID19 and Russo-Ukrainian war) has not contributed a lot to the ongoing economic difficulties around the world. They have acted as triggers. During the last 10-15 years, governments around the world have resorted to distributing freebies and subsidies to the unproductive population. In order to fund this largesse, they have to either increase the taxes, or print shiploads of money. And in most of the cases, they have done both. The M1 money supply has gone up by 10x-20x in many of the countries in the past decade or so. Obviously there will be economic repercussions when these things are done.

That is so true - the life has been in mess altogether. The after Covid affect and then this war has made the life miserable.
People are dying due to natural disaster but the war lord want to kill as many people as they could.
May God have mercy on us.

As a resident of Ukraine, I will make a few adjustments:
1. This is not a war BETWEEN Russia and Ukraine. This is a terrorist attack, by the terrorist state of Russia, on independent Ukraine. This is a huge difference.
2. The war did not start in 2022. It started in 2014, only the whole world pretended that nothing was happening. Until it hits them.
3. Are you talking about complexity in the economy? Crisis? Rising prices? Let's tell you what's really scary? Terrible - these are thousands of DESTROYED cities and villages. Terrible - these are millions of internal refugees who have lost everything they have accumulated in their lives - real estate, cars, jobs, savings .... Terrible is hundreds of thousands of civilians killed in a brutal way, by a frenzied army of terrorists, rapists, marauders ... Terrible - these are thousands orphans whom Russia stole in Ukraine and brought to its territory, and the traces of these children disappeared .... And until the world felt for itself what the "RUSSIAN MIR" is, no one paid attention to what the terrorist country Russia is doing in Ukraine!

To understand what Russia and the "Russian world" are, one fact:
Storming Mariupol, the Russians destroyed civilian objects (residential buildings) along with the residents.
More than 50 thousand civilians died in the ruins. After the capture of the city by the Russian army, it was forbidden to remove the bodies of the dead from the rubble. The Russian authorities organized the removal of the destroyed houses with the remains of the victims to the dump. They just loaded concrete, bricks, glass, human flesh, hair and bones by excavators into dump trucks ... And they took them to a landfill to hide their wild crimes ... Committing another crime ... Crushed concrete mixed with bones, blood, hair and scraps of clothing. It still smells like death. This is the "Russian world".

Pray to God that you survive only economic problems and that this nightmare does not set foot on your land!

Due to the war between Russia and Ukraine, the price of fuel and gas has increased all over the world and the economy is in crisis.  The consequences of this war will be felt for a long time. In these countries, the prices of various aspects are increasing at a huge rate, which is very difficult for the consumers.  Especially as a result of this war, the cryptocurrency market is also having a huge impact.  In our country, the country is facing a financial crisis, because the prices of everything are rising from various directions, due to which the country is not able to take the load.  If this continues for some time, many countries will face bankruptcy.

the duration of the war between the two countries to date can be said to have been very long, and this will have an impact on global economic growth. How come ? because the supply of imported raw materials for industry is threatened with scarcity. because this will have an impact on the economy.

I agree with your opinion. But, as they say, there are nuances ...
The difference is that empires fought for the right to own territories and DEVELOP them for the empire. This is very simplified but conveys the essence of the idea.
The Russian under-empire only enslaves and destroys. For several centuries, only examples of enslavement and destruction. You will laugh, but even in the USSR until the end of the 1970s, there was a kind of slavery. No, it's not a joke, it's a fact. For example, villagers did NOT HAVE passports and could not move freely. Moreover, the collective farmers were paid for their work - mere pennies, but so that they would not die of starvation, the collective farmers, "from the master's shoulder", gave them a certain amount of agricultural products. To go from the collective farm to the city to study at the Institute? NO ! On your own, you can't! You local representatives of the Communist Party had to agree on this, and decide whether you are worthy of "free education" or not ...
And now Russia, openly positioning itself as an "empire" (in fact, a miserable parody of an empire), is trying to destroy Ukraine and seize it, not for example to grow its economy. No ! This is done for other reasons! The first of these is to drown in blood any examples of the overthrow of totalitarian rulers. The second is to show everyone that "Russia is great. And the Russian army echoes the army of the world, and Russia must be reckoned with." This is not an empire of development and "greatness", Russia is an empire of evil, destruction, death, grief and degradation

 
Fuel prices are already coming down, but not back to their original price since the war is still going on, but food prices are still high. I can't feel their decrease, and I think they are still going up because of the recent typhoons as well as the earthquake. Low-income earners are now struggling; they tend to cut back on half the food that they purchase, like instead of buying 1 kilo of fish, they will only buy 1/2 kilo so that they can save on other things. I think it will worsen this year, but I am hoping that it will not.

I don't agree with this statement completely. Crude oil prices were already quite high due to policies implemented by Joe Biden after he assumed office as the POTUS in 2021. When the invasion started on 20th February, crude oil (Brent) was trading at $90 per barrel. Currently Brent is trading at $85.26 per barrel. The real impact have been on natural gas. At times, the price went as high as $3,000 per thousand cubic meters and this meant that a lot of manufacturing units within the European Union either had to shut down, or had to scale down the production. 

It is now 2023 but the lingering effects of the ukraine-russia war are still being felt. What was most felt from the impact of the war was the rising fuel and in the end it also affected other basic commodities. Maybe everyone already knows that because they feel the impact, but what makes me confused is why until now the price hasn't come down?

due to the Russian invasion of Ukraine, which eventually became a war not only militarily but broadly spread to other sectors. especially in the supply of oil and gas needs, where there are still many countries that depend on it, which clearly has a negative impact on countries that really need oil and gas whose prices are increasing.
it is not surprising that with this impact many economic sectors have been disrupted due to the inability to meet demand, especially for the factory sector which employs many employees, which has been forced to stop.

The UN was created after the Second World War by the countries participating in the anti-Hitler coalition; a new organization to replace the ineffective League of Nations was to prevent future wars. By the way, Ukraine was the initiator of the creation of the UN. Now the UN has become completely ineffective in the light of this task. All due to the fact that Russia is a member of the UN Security Council and blocks the adoption of any decisions that are not beneficial to it. It is clear that the UN Charter needs to be amended so that a country that is accused of violating UN provisions should not vote in this case.

Good must have the ability to defend itself against evil. But this does not mean that humanity always needs to have bad people. Russia's nuclear weapons are of some importance in this war, but not decisive. Ukraine will also defend itself if Russia uses nuclear weapons. The use of nuclear weapons in Ukraine will have almost the same negative effect for both Ukraine and Russia due to the territorial proximity of these states. If not everyone in Russia is an idiot, they must understand this.

History taught us that the civilized world would not have been without those colonial empires that wrestled with each other over the goods of the colonies. The civilized world established the United Nations Organization after fighting two devastating world wars that led to the rise of new powers.
The situation, in my opinion, is that we cannot live in a world without bad people. What aggravates the current situation is that Russia is a nuclear state, and this is what hinders the process of confrontation and accountability. The same applies to all the other powers that today play the role of the dove of peace in the Ukrainian war. Are America, France and Britain today the representatives of peace in the civilized world?

Agree! The sharp rise in oil and gas prices created problems for everyone. And even more so in countries where people already have not very high incomes. That is why all such terrorist regimes such as the Kremlin should no longer appear on the planet. They cannot coexist with the civilized world in a mutually beneficial way, they always strive to break all laws, destroy everything that is possible, and only make things worse. These are destructive regimes both for their countries and for the whole world. I hope this terrorist war will end soon, and the market will return to normal numbers, and the indicated countries, or rather their population, will breathe a sigh of relief!