Topic: The impact of Russian and Ukrain war on world economy - page 39. (Read 13382 times)

The ongoing "referendum" in the occupied territories of Ukraine is in many ways bringing the start of World War III, and possibly nuclear war, closer. For Ukraine and civilized states, this parody of the referendum will not have any legal consequences. It is held exclusively for the internal audience of Russia, so that there is a reason to throw new "live meat" into the furnace of war. Ukraine has long stated that it will retake its territory regardless of Putin's decisions. However, its implementation and an attempt to annex the occupied territories of Ukraine to the Russian Federation closes the way for further negotiations between Russia and Ukraine. The threat of a Russian nuclear strike will also not affect the determination of Ukrainians to defend their freedom and independence.

What easily comes to mind with all that is going on is the Mad Max movie. I feel bad for the poor and the homeless because they are the ones who are at the bottom of the ladder who are most affected. How can they keep up with the soaring food prices, the rising cost of living? Nothing happens to the rich , they just go on living their lives. This is more than Russia or Ukraine but the politics of Europe and American leaders and their greed.

This is why the ongoing referendum in four of the Ukrainian regions are important. By second week of October, Putin will declare that these four regions are part of Russia. That will enable him to send conscripts to these regions. Also, it will give an excuse to use nuclear weapons, since he can claim that Russian regions are under attack from NATO. I don't have much hope now. With every passing day, it looks as if we are further sliding towards WW3. If there is actually a WW3, then it will take decades for the global economy to recover.

It's just one more push we could have a nuclear war. This is close to an ultimatum also. Soo drunk to power I guess but because he is not bluffing, he could launch one. The terrifying effect of it is that because one drunkard launches his nuclear weapon, every country that has this kind of weapon will also be alarmed and activate protect themselves against their hostile neighbors.

And I'm not Blurfing!!! - Putin.

If EU is serious in not escalating, everyone will also be tiptoeing before it blast into a full-scale war. It feels like there is no declarative statement from US or EU telling it eye to eye to the camera to the public saying this is what we are facing, this is what we do and we are going to talk. Not just a bunch of rhetoric on tv that Putin did this bad and do this worse. 

We pray that the situation doesn't get worse with Putin using nuclear power just because he has become upset since his forces were kicked out from the north of Ukraine. Russian citizens are afraid to be used as cannon fodder by Putin's regime, so they are leaving the country and the big centers. Nobody wants to fight and die in a worthless war which has as goal to stroke a psychopath's ego.

But in case nuclear weapons start being used, I'm afraid there won't be even an economy to care about.

You are in vain adhering to the approaches of Russian propaganda - lie, stupidly lie, deny reality
The price of oil is EASY to check. In addition to the fact that the price "here and now" has noticeably decreased, the terrorist country is already giving a discount even on this price. About large contracts, I generally keep silent

To prove my position - a graph, from open sources, the cost of oil from terrorists:
There is a spot price on the chart, tell me, where is the PRICE GROWTH on the chart?

If the countries of Europe had not begun to help Ukraine repel Russian military aggression and would have passively observed the ongoing events, then after the fall of Ukraine, Putin would now have invaded the Baltic countries, Moldova and Poland. Even though Russian troops were defeated in Ukraine, Putin and his entourage did not stop intimidating these states with war. So the states of Europe would not have succeeded in sitting on the sidelines. Ukrainians now, defending their freedom and independence, are simultaneously defending Europe from Russian invaders and European values.

If Europe had not imposed economic sanctions against Russia and thus began to lose money, then it would have had to directly participate in the war itself. They have already understood this, and therefore they declare that they will support Ukraine for as long as it takes until its victory.

Inflation at its finest! Because of this bloody war between Ukraine and Russia, it really affects us economically no matter where we are in the world.

Right here in the Philippines, we are now on our all-time lowest in PHP-USD value. As of this time of writing, it’s now at P58.39 = 1 USD and it will likely push through to P60.00. Passenger fares, commodities, etc., have increased and we have no choice but to endure it.

If you are a guy who is just relying on one income source with a minimum wage, you’ll likely going to struggle adjusting and saving money for the future. This is why it’s important not to stick to just one source only. The more the better no matter inflation worsens due to this ongoing crisis.

One thing has become clear by now. The EU decision makers are not very bright. But it is OK, since the same can be said about the vast majority of the voters as well. In short, they are getting what they deserve. The heavy industries in Central and Western Europe managed to survive, only because of extremely cheap gas from Russia. It gave them an advantage over East Asian countries such as Japan and South Korea, which had to import more expensive LNG from Qatar. Now the situation has changed upside down. This is called "cutting the branch you are sitting on".  

Those who started the war can not remain neutral after it started though. I also wouldn't call the sanctions retarded because they never thought that Russia would just redirect its gas to China or India to continue buying and increase its buying of Russian oil and a lot of other things that prevented those sanctions from having major effects on Russia but had dire consequences for Europe and even US.

Everyone hopes that the economy will recover quickly. And also hope Russia and Ukraine make peace. but it seems it will be very difficult to achieve in the near future. I even recently read the news about a statement from Putin that was broadcast on television. the bottom line is that the war will not end any time soon. it even seems that in Russia there will be conscription. I don't know exactly when. but it looks like the google search keyword 'How to Leave Russia' has improved a lot. and airline tickets for flights out of Russia became sold out. which indicates that many Russian citizens want to leave Russia. whether it was to avoid a military call or for some other reason. I do not know. but the search keyword on google 'How to Leave Russia' is trending, so I think there's a reason.
For more details you can read on the following news site. :
https://www.reuters.com/world/europe/flights-out-russia-sell-out-after-putin-orders-partial-call-up-2022-09-21/

We must be prepared with all possibilities that will happen in 2023. because the impact of war on the global economy will clearly be felt. Let's pray the best for all of us.

The crisis in Europe was brought by the Europeans. They should have remained neutral in the conflict, but they were busy with rushing to the aid of Ukraine by providing all the modern weaponry. On top of that they imposed all sort of sanctions and embargoes on Russia. It was a retarded step, given that a large part of the oil and gas imported by the EU at that point came from Russia. Obviously Russia retaliated by blocking the exports and as a result the fuel prices have gone up by several times in most of the EU nations.

Putin was way out of his mind by deciding to invade Ukraine without taking into consideration the consequences of doing so. Not only did he destroyed Russia's credibility and economy, but he also disrupted the current world order. COVID-19 already had a negative effect over supply chains and the global economy, but the invasion made matters worse. Putin won't back down anytime soon especially when his political future is at stake. Giving up on the war now, would mean Putin's regime has weakened.

I'm afraid the world economy will continue to decline until there's no point for recovery. That is unless Europe and the US become self-sufficient from gas and energy reserves. EU should turn its attention to alternative energy sources, while the US should ramp up oil production instead of importing it from other countries. If they do that, most of the world's problems would be solved. Let's hope we see the light at the end of the tunnel by 2023. Just my opinion

The counteroffensive of the Armed Forces of Ukraine in the Kherson direction did not stop. On this sector of the front, the Armed Forces of Ukraine use a completely different tactic, in contrast to the rapid offensive in the Kharkov direction. A large 20,000-strong group of Russian troops in the Kherson region is cut off from supply routes and pressed against the Dnieper River, and is also under constant fire control of the Armed Forces of Ukraine. Here, the Ukrainians are in no hurry to attack the fortified positions of the Russians head-on, so as not to lose their troops, but methodically hit the ammunition depots, control centers and concentrations of equipment and manpower of the enemy. This group of invaders is doomed and will either surrender or try to swim across the Dnieper.

Many countries are disappointed with Russia's invasion of Ukraine. It has not only destroyed lives, but also the global economy. Unless Russia backtracks or comes with a peace deal with Ukraine, we won't be seeing any progress on the economy whatsoever. Sanctions did nothing but make Russia more powerful, weakening the economy of both the US and EU (especially the EU).

Unless world countries isolate Russia from everything, things will only get worse. I hope we get to see the light at the end of the tunnel soon. Otherwise, there would be a dark future ahead of us. No one knows how this conflict will end, so we can only hope for the best. Just my thoughts

Not just in war. After it too. It's always the common folks who become poorer under dramatic changes both in and after the war. Especially on the revenue since the business isn't like it was before the fight broke out. I don't know what you guy think about the fate of Ukraine after all of this war end. But for me, I feel a bit sad that a lot of things have been lost, lives have been lost, kids lack opportunities to go to school in and after the war. Time to rebuild everything all together, the money behind it. All under a country war-torn under bombs and mines.

There was a line in a song: "Even though we love rose, the enemy forces us to embrace gun". I know the sacrifice has to be made in war, to give up a lot of things to make it. Worth it or not, it's up to the Ukrainian to say. But you can't help to see the amount of burden it has done on the people.

And the most affected by Russia's war with Ukraine is Europe. because Europe has dependence on Russia in the field of gas and energy. Europe is experiencing a gas and energy crisis. So the inflation rate is high in Europe. even people started looking for firewood in europe to replace gas. the most concerning is that the euro continues to decline in its exchange rate to a very low level

There is a lot of old conflicts that are surfacing these days though. Some countries are even bringing up WWII issues, conflicts over territories, etc. They've also started the process of kicking out Turkey (US accused Turkey of war crimes in Syria after all this time of knowing it!!!).

But I agree that Greece-Turkey conflict will remain dormant. Right now Turkey has a purpose to server which is to connect to Baku by occupying parts of Armenia then they can add Baku to NATO immediately to gain a huge advantage (as I pointed out before, which also affects China). If they fail, Turkey's importance to NATO significantly decreases depending on how they failed. For example there is a good chance that the moment Turkey gets involved in this conflict inside Armenia they will see themselves in a whole lot of hell coming from Syria and Iraq (south borders) and Iran inside Armenia and possibly directly on eastern border. Turkey's economy and energy sector would simply vanish with no gas and oil and possibly even 200%+ inflation.

Some analysts are suggesting that this conflict would be prolonged for months where Turkey is sucked in and destroyed slowly. Keep in mind that they have a big military but it is the most dependent military considering that almost everything they have is imported. EU and US are already complaining about empty weapon cashes due to the tremendous amount of weapons they've been sending to Ukraine. So there won't be anything left to send to Turkey.
Which could be another incentive to kick Turkey out of NATO (winter is also coming!), they just call their invasion of Armenia another "war crime" and kick them out.
That also means NATO won't have to get involved when Turkey's mainland is hit in respond to their invasion

Then Greece (ie. NATO) goes after Turkey and may not even need an armed conflict, they just take parts they want without shooting a single bullet.

It looks easy on paper. We are talking about a mountainous territory that is extremely hard to cross and an uphill battle where Armenia has the upper hand and can rain missiles and bombs on their heads all day long.

In any case we have to wait to see what will happen. Right now there is all kinds of fake news coming out and it looks like every military in that little region is mobilized already...

Certainly many sectors are affected by the war and the most terrible thing at this time is the deteriorating global economic condition,
commodity prices continue to rise and this is a difficult condition for sure,
With the war between Russia and Ukraine, it has had a tremendous impact on the global community

I'm not talking about high-precision missiles, but bombing with good old high-explosive bombs. This is a cheap and effective method of suppressing resistance, it was the FAB-500 high-explosive bombs that smoked the Azov militants out of the bunker near Azovstal. With them, Russia successfully stopped the offensive of Ukraine near Kherson. The disadvantage of this method is too much destruction. But of course, this is not a reason to refuse it, if we are talking about the success of the entire special operation.