Topic: The impact of Russian and Ukrain war on world economy - page 41. (Read 11386 times)

Why wait a year or two, even before the sanctions, Russia was a third-rate country with a backward economy. Now it is not yet obvious to an idiot that the sanctions have made Russia stronger, and it is Europe that suffers from them. But the main problem with sanctions is that they are not able to stop the Russian military special operation in Ukraine. What rate and size of economy will Ukraine be in a year or two, when it is already bankrupt?

Of course, the applied sanctions simultaneously hit the countries that impose them. But their meaning is to, through some voluntary restrictions, cause significant harm to the economy of the state, which will be subject to sanctions. In this case, it concerns sanctions against Russia. But for some reason you do not mention the consequences of the applied sanctions on Russia itself. In a year or two, Russia will turn into a third-rate country with a backward economy. Most likely, it will also not have oil and gas, because the central Russian part does not have them. Russia exploits the indigenous peoples of Siberia and the Far East, from where it pumps their oil and gas. In the aftermath of the military defeat in Ukraine, they are already raising their heads to free themselves from the dependence of the Kremlin. And they will most likely succeed.
Having unleashed a war of conquest in Ukraine, Russia itself has signed its own death warrant. They apparently forgot that all the wars Russia won only together with the Ukrainians.

For now, we can't avoid this inflation from happening especially we are still in crisis brought about by the covid pandemic and this Russia-Ukraine war. People are suffering around the globe, not only one or two, but this situation is happening everywhere. As we can't escape from this reality, what we can do is help ourself survive in these challenging times. Don't blame your government, much better if you will find your options how to keep afloat and not rely from anyone.

I will now give one explanation, it may not be pleasant, but - as it is!
So - our world is a kind of living organism. Quite recently, in 1939, he fell ill with cancer ... Yes, yes. In terms of the level of negative impact on the whole world, this is cancer! It turned out to be curable, but valuable tens of millions of people killed, hundreds of millions who lost everything, dozens of completely destroyed countries! The bearers of this evil were Nazi Germany and the communist USSR. The world then managed to escape from this horror. BUT ! The world mistook the USSR for a healthy cell very mistakenly. But we remember that - this is the same cancer that struck the world in 1939. But this carrier of the disease, due to the softness of the world, managed to more or less comfortably coexist for a long time and accumulate strength. He began to give the first metastases back in the late 1990s - the PMR, Ichkeria, then there were Georgia, and now Ukraine! As well as threats to Poland, Latvia, Lithuania, Estonia, and other countries with almost a nuclear strike.

Yes, we all want peace (to be a healthy world). But if we leave the cancer cells of Nazism/RashiZm this time, then our children and grandchildren will die from it. Now we have to go through a difficult therapy in order to permanently get rid of the carriers of these cancer cells of rashism, and the disease of the "Russian world" in general. Either we isolate and destroy them, or next time we will get a fatal disease that will end in a real nuclear war and there will be neither us, nor the world, nothing ....
Well - do we pause in treatment? Let's give cancer/"Russian world" a chance? So that he is guaranteed to kill our children and grandchildren and everything on earth in 5-10-20 years?

The higher inflation is just going to be temporary, until the markets had time to adjust and the governments of the world had balanced the scale with their manipulation of their own local economy with inflation counter measures.

The rich will feel the brunt of the impact, because they will have to pay more taxes to fund these counter measures for the poor. (Social grants / tax subsidy for certain food items / higher interest etc....) 

Indeed, Sri Lanka, a country of 22 million people, is experiencing its worst economic crisis since 1948, when the country got out of British control. There is not enough fuel, which the state cannot buy due to rising prices on the world market and the lack of necessary funds. Last week, authorities banned the sale of fuel for all means of transportation except public transport. The country's external debt is more than $50 billion, and there is no more currency in the state reserve. Last month, inflation in the country exceeded 50%, according to the BBC.

The UN states that Sri Lanka is experiencing a "desperate humanitarian crisis." Schools are closed, cancer treatment and other routine medical procedures have been halted, and many families are struggling to get one meal a day.

According to the press service of the Ministry of Economy of Ukraine, in the first half of last year, trade between Ukraine and Sri Lanka amounted to $28.5 million. The basis of Ukraine's exports to the island was agricultural products - vegetables, grains, oilseeds.

Naturally, after the blocking of Ukrainian ports by Russia, the export of Ukrainian products ceased. A month ago, Sri Lanka changed its prime minister. Ranil Wikramasinghe began to negotiate with non-state structures of the Russian Federation in order to buy oil and grain there. In an interview with AP, he said that they are forced to take this step because they believe that the crisis with Ukraine will drag on until 2024. Apparently, the deal never went through.
So the food riots started there. This morning in the capital of Sri Lanka, Colombo, thousands of protesters broke through the police and entered the presidential residence. President Gotabaya Rajapaksa left the residence on Friday and, according to some reports, is trying to fly out of Colombo. The prime minister of the country himself resigned. More than 50 wounded, including policemen, have been admitted to hospitals in Sri Lanka. It is not yet known how this will all end.

War is a disaster that can be felt in the long term, many people lose their property and lives because of the war, it even takes at least 2 generations to get rid of the trauma of war, and the most immediate impact of war is the destroyed economy, the supply of goods has stopped, inflation is out of control and many other adverse effects.

Stronger economies can withstand the impact for a longer duration. In countries such as Pakistan and Sri Lanka, the economy was in a perilous situation to begin with. And the sudden hike in oil and gas prices resulted in economic meltdown. As the war continues well in to the winter, we will see similar meltdowns from many other countries. Already inflation is in double-digits in many of the Eurozone nations. Citizens are fed up with sky high energy bills. To complicate things further, manufacturing units are closing down due to the shortage of natural gas.

Countries that had stable economy over the years started to suffer out of the pandemic. Continued by the war have caused a big impact over different country's economy. With perfect plans many countries have overcome it and were on the edge. Even the grown countries suffered big out of it. Slowly one by one getting exploded. Initially Sri Lanka have got exploded and now it is said that Pakistan is in a very critical situation.

Things are not so simple if we take into account Ukraine is the number one exporter of wheat in the world. Today, for example, in the world's media, the most important news was the exit of the first Ukrainian shipment of wheat from the Ukrainian port of Odessa towards Turkey on its way to the Lebanese port of Beirut. A country in the current Lebanese situation that has no solutions other than Russian wheat, which is the cheapest in the world. Russia, when it puts its hand on world food through the acquisition of Ukrainian ports, in addition to being the first supplier of gas to the European continent, makes it a dangerous power that possesses a weapon more powerful than nuclear weapons.
The global economy had begun to recover after a series of crises that almost killed it, but the Ukrainian crisis revealed the fragility of this manipulable economy, from which apparently only closed economies such as Iran and North Korea could escape.

In our country - all businesses are upset. People don't have the capacity to buy grocery also we have noticed people don't leave home unnecessarily due to petrol price hike.
The world economy was in trouble due to COVID and Russia added fuel to fire by initiating the war. We all need peace now - we want to survive in peace, please war lords.

First of all, the war kills the economy of the warring countries. I will not hide the fact that negative trends in the economy are very noticeable in Ukraine, although I confess that I thought it would be much worse.
But it also kills the Russian economy no less, although it seems to pretend to be "stable", which is typical of totalitarian deceitful countries.
But there are nuances here - if the whole adequate world, and this is essentially 70% of the world economy, helps Ukraine, then the same 70% of the world economy impose sanctions against the Russian economy, which has about 1.3% in the world ranking
And after a while the concept of "Russian economy" will become an oxymoron But given its insignificance, this fact will not give rise to noticeable problems.

Now about other countries and parties. I am sure that in the next 2-3 years the situation will be very difficult, in those countries where the rulers did not disdain the money of terrorists, sold and played into their hands by signing laws that made the industry of their countries globally dependent on Russian gas. This means that this will hit the economy of Germany, France, Italy, and I do not rule out Hungary very hard. Other countries, where politicians are not so corrupt, will completely abandon the bloody Russian gas in 1-2 years and switch to alternative suppliers.
Oil and gas producing countries that previously could not significantly enter the European market, on the contrary, will have the opportunity to gain a foothold in it, get good contracts and provide their economies with a stable income for many decades.

But do not forget that most likely in 2023/2024 the world will face another crisis associated, if not with the collapse, then with a very strong contraction of the Chinese economy, and huge internal problems there. Moreover, I do not exclude that in order to "exit" the crisis, the Chinese leadership, like any totalitarian government, will try to find a "solution" in the war. Whether it will be some kind of internal conflict or aggression against Taiwan is not yet ready to say.

Threat Today came a friend from Germany. Lives in Frankfurt. She speaks over the past 2 months, she began to notice that small stores, both grocery and non-grocery, began to close, and earlier this was not so noticeable.

Russia will not stop in the war against Ukraine. The political leadership of Russia already understands that Putin made a fatal mistake by attacking Ukraine. Now Russia is slowly and inexorably moving towards its collapse. Putin can no longer stop the war just like that, because this would mean defeat in it and death for him, both political and physical.

At the same time, Russia already understands that they will not win this war. During the five months of the war in Ukraine, Russia has lost about 70 percent of its military power, more than 122 thousand killed and wounded, and it can no longer quickly make up for these losses. Now in the Kherson region, the 49th army of Russia has actually been surrounded. Instead of systematically withdrawing, Putin introduces additional troops into the trap, and Ukraine methodically destroys their ammunition depots and command posts, having already bombed all the bridges to retreat. In a few weeks, Russia will suffer a major military defeat, and in Russia itself, irreversible processes will begin to break up into separate states. Already planned 19 new state formations instead of Russia.

The central part of Russia does not actually have its own natural resources. Thus, 80 percent of gas is produced in the Yamalo-Nenets Autonomous Okrug, where their indigenous peoples live. Russia simply exploits them and from the sale of their gas they receive only crumbs. When they see that political power has weakened due to the defeat of its military and police-repressive apparatus, a powerful movement will begin to secede from Russia, and this process is already gaining momentum. Very big changes will soon begin and they will lead to a redistribution of spheres of economic and political influence throughout the world.

Not only oil but some precious metals and other stuffs can also be found on Russia. Wheat is also a type of grain right? And they say that wheat is also found in Russia. What a country. Now I know why the impact of the sanctions given to them is so huge that not only the nearby and neighboring countries are feeling the effect but also the rest of the countries are suffering as well.

Ukraine only has grains but I think that grains can also be found easily on many countries, most especially in the Asian part as many places there are not yet developed. Not a lot of big buildings around so there are more space to plant and grow a grain.

There is not much of impact being felt over the world countries other than the wheat shortage and oil shortage. Ukraine being the major exporter of wheat into war have caused this, but somehow things were we'll managed till now. Oil is a big problem as Russia is strong in its stand to supply oil only to its friendly nations. Ukraine have been suffering economic crises, peaceful talks need to happen to end the war.

The fact that the world can2t survive for a year without having to go into total chaos maybe shows us the system isn't working? I get that liberal ideas work to a certain point and it has been like that for a long time, but we are in a whole another situation right now since the day pandemic started and everything else followed after that. We have to realize that the "capitalist" or "socialist" or whatever these nations claim to be, they are all the same, wealthy gets wealthier and poor becomes poorer, in ALL political ideologies. So maybe its time to stop fighting left and right, and start fighting for what we should have long time ago, and we did centuries ago, and realize its only rich vs poor and nothing else and if you ever think you are not on the poors side and you are rich, realize you can't buy a yacht that has a smaller yacht in it, and fight against those dudes.

There’s a huge impact especially many countries are already involve since they implement restrictions against Russia and now they are also experiencing the consequences of that action. Its really bad to see that they are still at war and almost ruined the whole country already. Russia is indeed a powerful country and I hope, that they will stop now because this war is not good at all, and a big threat to humanity.

Politics always affect the market that's why there's a neverending story about this inflation to almost every country as if they were all connected but it all goes down to the supply and demand always. No matter what type of energy you choose they were all affected in inflation be it a petroleum or electricity they were all going up while there's a little changes in the wages/salary of every workers. So I don't think it's just only the Russia and Ukraine war are making almost everything worst in every country since before that there's this COVID-19. It all goes down in the line if you want to know why inflation are always happening and I think there's no stopping or going back to where we are before when inflation happens.

Oil definitely did caused the whole economy to go to ground, there is no denying that. But, you cannot expect people to not take sides, it is a war and in every war there are sides. Sure, it doesn't mean that you have to actually be there and fight the war, you could be Uganda and have nothing to do with it and you still take sides, how?

Based on what you do right after the war starts, and who you continue to do business with, because either one Ukrainian is there that will not be able to do what they want, or there would be a Russian one. Hence, I get that the economy was impacted, but it was impacted because this war started, nothing else.

The war between Russia and Ukraine had a bigger impact on world economy then i was thinking it was gonna have. Inflation raised a lot in all of the countries around the world and i think Europe lost a lot with this war. In my country a lot of prices really went up. For gas i dont want even to talk about how much the price went up. Hopefully when things get to normal maybe the economy will recover.