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. 
Topic: The impact of Russian and Ukrain war on world economy - page 44. (Read 13382 times)
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. 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.
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. 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.
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 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.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
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.
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. 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
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,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.
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
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.
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.
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.
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.
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.
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.
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
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.
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.
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 ..."
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.
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.
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!
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.
Both countries are very active in the world economy, so it definitely impacts the economy, no doubt. So it's taken a while for the economy to recover. It increases the inflation rate and suddenly increased the cost of living in every country. It may not collapse the world economy, but it will definitely make ordinary people's lives difficult all over the world.
Now another war is coming - and USA is going to support Taiwan - and will try to put sanction on China - like they tried to destroy Russia. Now they all are in trouble and running here and there for oil and gas supply
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.
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