The impact of Russian and Ukrain war on world economy - page 39.

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The impact of the war is certainly immediately felt by a country that is warring and slowly will be felt globally, especially Russia is a large country that supplies oil and gas needs so that when the world tries to apply an embargo, there will be problems with gas and oil supplies, war is the main cause of the recession global economy.

All are not okay when the pandemic started but this war can be prevented or even stopped if they just sit and have a peace talk. But NATO pushes through because they want Ukraine to win this unwinnable war.

And just like how UK tried did to Germany in the time of Hitler, embargo and food crisis was brought to deter each other. All these gas and oil and wheat shortage will affect everyone. China vs US due to Taiwan is going to make it all worse.

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Quote from: Untomabur on August 21, 2022, 09:08:03 AM

Quote from: Kelvinid on August 21, 2022, 07:28:41 AM

For a few months that this war has been started, major countries are into suffering from their supplies which affect their economic system as well. Those countries that are relying on Russia have been mostly affected by this war, and I can confirm myself.
If this war will take so long, I believe a lot of people got hungry, especially from the 3rd world country and they are suffering the most.

The war between Russia and Ukraine did indirectly affect many around the world,
it's definitely not good and the war is still going on,
it is not impossible that famine will occur later and hopefully the war can end soon

People are hoping for the best of their country to get back from their normal life free from any harm and dangerous attacks. The people in both countries are facing huge problems, and also those countries that rely on supplies from Russia. If their leaders don't change their minds and still keep their anger, this war will never end and we all face the consequences of their fight. If this war will take 2-3 years, I can't really imagine that many people will get starve and die.

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Quote from: Zlantann on August 22, 2022, 02:02:01 PM

Quote from: BlockchainMentors on August 22, 2022, 09:01:00 AM

Due to war of Russia-Ukraine, there is shortage of gas supply and foods. After this, european countries agreed to reduce gas demand by 15% in end of this winter 2022.

The close connectivity between Russia and Europe economy cannot be disconnected even in a decade. Europe hyper-depends on Russia for oil and gas and Russia also depends on Europe for funds. Russia started preparing for this invasion long time ago and they know that Europe would be helpless for some years without them. The Russian economy has been fortified to withstand sanctions that's why Kremlin is not soft-paddling its invasion quests. Reducing gas demand would be a big challenge because the economic strength of the members of the European union are not the same. France, Germany or Spain can easily afford alternative source of power but what about less wealthy EU nations. Diversifying their energy source would be difficult because most of them cannot afford it. Hence, these nations would still have to depend on Russian less expensive oil and gas.The goal of reducing gas demand would be possible if richer EU nations would support others that are less prosperous to acquire alternative source of power.

No matter how Russian propaganda tries to impose on the world the idea that the countries of Europe cannot do without Russian oil and gas, and sanctions do not harm the Russian economy, everything goes on as usual. European countries have embarked on a phase-out of oil and gas from Russia, and sanctions continue to intensify and drive Russia into a complete collapse. Europe by the end of the year refuses Russian crude oil, and next year and from oil products. With gas, it is a little more difficult, but even this dependence of Europe will be ended in a few years, not a decade. But for Russia, this will be a global problem, if not a catastrophe.

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Quote from: Zlantann on August 22, 2022, 02:02:01 PM

Quote from: BlockchainMentors on August 22, 2022, 09:01:00 AM

Due to war of Russia-Ukraine, there is shortage of gas supply and foods. After this, european countries agreed to reduce gas demand by 15% in end of this winter 2022.

The close connectivity between Russia and Europe economy cannot be disconnected even in a decade. Europe hyper-depends on Russia for oil and gas and Russia also depends on Europe for funds. Russia started preparing for this invasion long time ago and they know that Europe would be helpless for some years without them. The Russian economy has been fortified to withstand sanctions that's why Kremlin is not soft-paddling its invasion quests. Reducing gas demand would be a big challenge because the economic strength of the members of the European union are not the same. France, Germany or Spain can easily afford alternative source of power but what about less wealthy EU nations. Diversifying their energy source would be difficult because most of them cannot afford it. Hence, these nations would still have to depend on Russian less expensive oil and gas.The goal of reducing gas demand would be possible if richer EU nations would support others that are less prosperous to acquire alternative source of power.

I wish you would explain to us what the countries you mentioned have alternatives for Russian gas. Especially Germany, which even if it wanted to acquire liquefied gas from America, it would take years to build liquefied gas conversion platforms.
The European Union helps member states if one of them needs a help-hand, as happened with Greece, but this will become almost impossible if all countries are suffering. The problem needs solutions from outside the union, and this is the role that America seems to be seeking to play.

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Quote from: BlockchainMentors on August 22, 2022, 09:01:00 AM

Due to war of Russia-Ukraine, there is shortage of gas supply and foods. After this, european countries agreed to reduce gas demand by 15% in end of this winter 2022.

The close connectivity between Russia and Europe economy cannot be disconnected even in a decade. Europe hyper-depends on Russia for oil and gas and Russia also depends on Europe for funds. Russia started preparing for this invasion long time ago and they know that Europe would be helpless for some years without them. The Russian economy has been fortified to withstand sanctions that's why Kremlin is not soft-paddling its invasion quests. Reducing gas demand would be a big challenge because the economic strength of the members of the European union are not the same. France, Germany or Spain can easily afford alternative source of power but what about less wealthy EU nations. Diversifying their energy source would be difficult because most of them cannot afford it. Hence, these nations would still have to depend on Russian less expensive oil and gas.The goal of reducing gas demand would be possible if richer EU nations would support others that are less prosperous to acquire alternative source of power.

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Quote from: BlockchainMentors on August 22, 2022, 09:01:00 AM

Due to war of Russia-Ukraine, there is shortage of gas supply and foods. After this, european countries agreed to reduce gas demand by 15% in end of this winter 2022.

When I read about these decisions, I wonder how the demand for gas will be reduced to this percentage (15 percent is not a small percentage), especially with the approach of the cold season (winter is coming). And in the most extreme cases, how will the deficiency be compensated? Even if some countries have stations for the conversion of liquefied gas and have the capabilities to import it due to its high cost, there are countries that do not have these stations and do not have enough time to establish them.
Frankly, I no longer believe what they tell us in the media. Recently, there are news that European countries have begun to gradually ease their sanctions on Russia in an attempt to alleviate the crisis they are going through as a result of the sanctions imposed by Russia in return.

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Due to war of Russia-Ukraine, there is shortage of gas supply and foods. After this, european countries agreed to reduce gas demand by 15% in end of this winter 2022.

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Quote from: bestcoins1 on August 21, 2022, 10:21:17 AM

Quote from: Untomabur on August 21, 2022, 09:08:03 AM

The war between Russia and Ukraine did indirectly affect many around the world,
it's definitely not good and the war is still going on,
it is not impossible that famine will occur later and hopefully the war can end soon

I also don't really like war in any country because the effects of war are very bad and can also make everyone's activities become hampered and also hampered every day. So in general I also don't want a war to happen because that could hamper everything and it could also affect the market for the worse. I also hope the war will end soon and I would be very happy if it happened.

That's an humane thing to consider. I mean I have nothing to do with Ukraine and Russia war because I do not live anywhere in them, plus it did helped my nation get good wheat and oil deals to be fair and we had one of the worst ever inflation in our nations existence for the past 100 years or so, up until this war and we benefited from it and now the prices are a lot more stable and we are financially doing much better, all because we had deals with both nations and did not picked sides so we benefited from both of them.

But at the same time, we are definitely doing something sad because it is definitely a sad situation to see people suffer so I rather do worse myself, to see people suffering from war.

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Quote from: Untomabur on August 21, 2022, 09:08:03 AM

The war between Russia and Ukraine did indirectly affect many around the world,
it's definitely not good and the war is still going on,
it is not impossible that famine will occur later and hopefully the war can end soon

I also don't really like war in any country because the effects of war are very bad and can also make everyone's activities become hampered and also hampered every day. So in general I also don't want a war to happen because that could hamper everything and it could also affect the market for the worse. I also hope the war will end soon and I would be very happy if it happened.

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Quote from: Kelvinid on August 21, 2022, 07:28:41 AM

For a few months that this war has been started, major countries are into suffering from their supplies which affect their economic system as well. Those countries that are relying on Russia have been mostly affected by this war, and I can confirm myself.
If this war will take so long, I believe a lot of people got hungry, especially from the 3rd world country and they are suffering the most.

The war between Russia and Ukraine did indirectly affect many around the world,
it's definitely not good and the war is still going on,
it is not impossible that famine will occur later and hopefully the war can end soon

Ozero

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Before the Russian War vs Ukraine global economic conditions were negative, and after the war, the economy was increasingly difficult, the impact of war was certainly very large and long -term, many countries had difficulty receiving and sending goods from countries that were war and this made a problem More complicated, the best thing is to stop the war immediately.

As part of the agreement with the participation of Turkey and the UN on providing Ukraine with a corridor for the export of its products by sea, 26 ships have already left the ports of Ukraine with a cargo of grain and other agricultural products, another 40 have applied for loading. So the tension in this regard subsided. But the war, of course, had a very negative impact on the world economy. The responsibility for this lies entirely with the Putin regime.
Sanctions against Russia are working and should be tightened until Putin is stopped. A quick end to the war in Ukraine depends only on Russia.

Kelvinid

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For a few months that this war has been started, major countries are into suffering from their supplies which affect their economic system as well. Those countries that are relying on Russia have been mostly affected by this war, and I can confirm myself.
If this war will take so long, I believe a lot of people got hungry, especially from the 3rd world country and they are suffering the most.

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Quote from: pooya87 on August 20, 2022, 01:00:10 AM

Quote from: gantez on August 19, 2022, 11:59:17 PM

There is scarcity in supplying of wheat and the products coming out from wheat becoming expensive because it difficult to take it out of the border to other countries and the cost of that rising up to 45% high.

The food related problems have been getting worse for some time now, this conflict only highlighted it. It's been a couple of years that a global drought has been in effect, a lot of countries like Australia and US experienced a lot of fires. Many countries have been producing less food in the past couple of years. On top of that, for the past 2 years some countries like China have been buying all the food in the world (currently China stores 60% of all the wheat, rise, grains, etc. in the world!).

After all these problems, a conflict between two big wheat producers broke and the media started covering it. In other words even if it stopped today, the food problems will continue for a couple of more years at least.

Yes, food problems in the world are growing, if only because the population is growing, and growing at the expense of developing relatively poor countries. In addition, in recent years, the food situation has deteriorated due to the coronavirus pandemic, which has significantly disrupted the cultivation and marketing of crops. Russia's military attack on Ukraine also made its contribution, as a result of which Ukraine was unable to sell its grain reserves on the international market in time.

But this war should not be called simply a conflict. Russia has unleashed the largest bloody war since the Second World War, in which thousands, if not tens of thousands of tanks, armored vehicles and other military equipment are participating on both sides. The length of the front is 2450 kilometers. More than a hundred thousand people have already been killed and wounded. Constant explosions cannot but worsen the ecological situation in the combat area. So until Putin stops or is stopped, the food situation will only get worse.

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Quote from: gantez on August 19, 2022, 11:59:17 PM

There is scarcity in supplying of wheat and the products coming out from wheat becoming expensive because it difficult to take it out of the border to other countries and the cost of that rising up to 45% high.

The food related problems have been getting worse for some time now, this conflict only highlighted it. It's been a couple of years that a global drought has been in effect, a lot of countries like Australia and US experienced a lot of fires. Many countries have been producing less food in the past couple of years. On top of that, for the past 2 years some countries like China have been buying all the food in the world (currently China stores 60% of all the wheat, rise, grains, etc. in the world!).

After all these problems, a conflict between two big wheat producers broke and the media started covering it. In other words even if it stopped today, the food problems will continue for a couple of more years at least.

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Quote from: Sithara007 on August 19, 2022, 10:00:15 PM

Here in India, most of the sunflower oil is imported from Russia and Ukraine and therefore the prices have doubled since the beginning of this year. And fertilizer has become very expensive and supplies are running low in most of the countries.

The effect of the war is everywhere, their is rise of goods and inflation taking up cash from the little you have to manage. There is scarcity in supplying of wheat and the products coming out from wheat becoming expensive because it difficult to take it out of the border to other countries and the cost of that rising up to 45% high. The world having a serious effect in the war and hunger in the land. You check here

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Before the war, Brent Crude was trading at around $90 per barrel. Now it is trading at around $97 per barrel. So the crude oil prices are stable and not impacted by the war. On the other hand, the most affected commodities are natural gas, coal, fertilizer, wheat and sunflower oil. Dutch TTF natural gas prices are up by around 500% since the war started. Coal prices have gone up by 2x, and wheat have also gone up by same amount. Here in India, most of the sunflower oil is imported from Russia and Ukraine and therefore the prices have doubled since the beginning of this year. And fertilizer has become very expensive and supplies are running low in most of the countries.

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It affected the gas and oil market but not really in a huge amount but every government blamed Russia for hike in the prices, high inflation rate,etc but the world economy started to crumble when covid attacked but government managed to stop the Chaos by printing more money so it helped for a while now every country is facing the circumstances of covid lockdowns.

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Quote from: Lubang Bawah on August 14, 2022, 12:36:10 AM

If there is a conflict especially if 2 countries will certainly have a major impact on the global economy, moreover Russia is a large country that has strong economic power, when invasion to Ukraine, many countries will oppose and embargo so that supplies to countries that need Russian products will stop.

Let me bring you back to reality

1. Russia is not a great country. And not even big. No, the area is certainly large. But inhabited and suitable for use - no more than 30% of the territory
2. Economy - the reality is that the entire economy of Russia, in terms of key indicators (GDP and other financial indicators) - is less than the economy of Italy, or Florida (state) or New York (city)

The last point, you say - no, this is nonsense, this cannot be. Well, if you don’t listen to propaganda, but read real data, it’s not only possible, but it is!
"... In fact, the GDP of the state of New York in 2019 amounted to 1 trillion 751 billion dollars, while the GDP of the Russian Federation showed 1 trillion 637 billion ..."

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If there is a conflict especially if 2 countries will certainly have a major impact on the global economy, moreover Russia is a large country that has strong economic power, when invasion to Ukraine, many countries will oppose and embargo so that supplies to countries that need Russian products will stop.

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Quote from: bitgov on August 07, 2022, 07:40:21 PM

Quote from: SirLancelot on August 07, 2022, 04:18:34 PM

Really? OMG this is bad. The previous war between Ukraine and Russia isn't done yet and now this one between Taiwan and China came? I think the negative effects that the world is feeling right now is going to get worsen but if this was about making Russia to suffer more, then I think some will like it as they also hate Russia for what they have done in Ukraine but still, it would be better if they think about the consequences first before they do such actions like if this can cause another problem or not.

If yes then better if they don't continue what they are planning as I think the tension between Russia and Ukraine can still lessen or end soon.

The guns brand changes only This time it is Russian gun, before it was American. Why was the world silent when the same was/ is going on with Palestine, Iraq, Afghanistan. Oh! Because they are European and they only care for white skin. The damage American guns did to the above mention countries are far more than done in Ukraine.

Even if we discard the fact that the events you listed often had various reasons, some of which really required external intervention, then this cannot be a reason to support Russian terrorism against Ukraine, and will not justify the murder of already several tens of thousands of civilians in Ukraine from Russian weapons.

At the same time, I honestly say that I did not openly support some Western operations in other countries, and I think that in some cases it was possible either to find another solution, or not to invent fake reasons!

Topic: The impact of Russian and Ukrain war on world economy - page 39. (Read 11386 times)