Topic: The impact of Russian and Ukrain war on world economy - page 44. (Read 13245 times)

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.

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.

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

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.

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.

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.

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.

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.

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!

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.

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.

Corrupt governments are dime a dozen, there aren't any government that isn't corrupt, it goes hand in hand. But Sri Lanka has finally said enough, but the problem is that if you take the power from one person and give it to another person, that person will be corrupt eventually as well.

I always give the Cuba example, many people in the USA that ran away from Cuba back in the day and hate Castro, but there are many that fought with him to overthrow the previous one as well. So I am sorry but I can't really say which one is right, I am not the judge here, but millions disagreed with each other there. Will Sri Lanka be different? I doubt so, as long as there is a person in charge, it will always be wrong.

Ukraine does not hide the fact that even now it has a pre-default state. And this is not a surprise. After all, for almost half a year, Russia has been shelling absolutely the entire territory of Ukraine with its long-range missiles. And on civilian objects, according to Ukraine, Russia struck 60 times more strikes than on military objects. There is no need to gloat here. Boasting about the fact that in Ukraine the Russians are destroying residential buildings, schools, hospitals and other civilian infrastructure, killing civilians, is not necessary. Moreover, if something explodes in the Belgorod or other border region of Russia, Russians immediately begin to be indignant at the actions of the Armed Forces of Ukraine, and the official authorities call it an act of terrorism. It turns out to be a strange logic: it is possible for Russia to carry out terrorist attacks every day, but it is impossible to receive in return, moreover, even at military facilities.
It is no secret that Ukraine in this war is counting on the help of civilized states and on those Russian assets that were frozen as a result of the imposed sanctions. Thus, approximately 300 billion dollars have been frozen only in Russia's gold and foreign exchange reserves in foreign banks. The pleasure of destroying houses, schools and hospitals will have to be paid in Russia for many generations to come. In the meantime, enjoy it ... Not long left.

I personally felt the inflation here in the Philippines- oil prices have increased drastically this year and food issues have been an ongoing concern on below-average median households. Unfortunately, the poor kept getting poorer and the rich are getting richer in this economy. With lots of opportunities being withheld, unemployment rates are slowly increasing in the country with job opportunities lessened.

The war between Ukraine and Russia will have a crippling effect over the years. We might feel the effects of inflation but with the recent announcement that Russia will cut its oil supply, expect prices to increase in the market again.

It must be taken into account that when Russia attacked Ukraine from three sides, including from the territory of Belarus, there was a front with a length of approximately 2450 km. Putin threw into Ukraine eight of his armies numbering about 200 thousand people, and there were so many armored vehicles that they marched in continuous columns along all major highways. What army would have withstood the onslaught of such an invasion? That is why Putin hoped to seize Ukraine in 3-5 days, and all Western politicians, including the United States, did not give Ukraine a single chance to survive. But a month later, the "second army of the world" shamefully fled from the central and northern territories of Ukraine, so as not to be completely defeated.

There is a sixth month of bloody war. What do we see on the map, what territories has Russia captured during this time? In the east, the front has moved only slightly from what it has been since 2014. In the south, the front almost stands where it formed after a few days of Russian invasion. The remaining territories continue to be under the control of Ukraine. Russia actually does not have any success in this war. From the beginning of the torsion on February 24, only in the first days, Russia captured one regional center - Kherson out of 25 such centers. And that was where her success ended.

Now, in the Kherson region, a large group of Russians numbering approximately 25,000 people is practically surrounded and under the fire control of the Armed Forces of Ukraine. This is the remaining elite of the Russian troops - the Airborne Forces and other special forces. If they are defeated, it will be a turning point in this war.

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