Topic: The impact of Russian and Ukrain war on world economy - page 45. (Read 13382 times)

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

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.

The root cause of Sri Lanka's default was due to the domestic political crisis, the wrong policies of the old government that caused the economy to go down, and the insatiably corrupt government that left the country with no foreign currency to import energy caused the country to default on its debt, not because of the war between Russia and Ukraine.

After going through a pandemic, the world entered a crisis and war made things worse, small countries and undeveloped economies are on the verge of a severe recession.

Throughout the world the same scenario is prevailing. Every country wants them to be in the safer side, already few countries have hit hard and few more on the list. Anytime scenario can worsen. Right now Pakistan, Turkey, and few African nations are under hard inflation. Russia war is a big reason and being on the top with the oil wealth it has made itself strong to withstand any hard time.

Yep. Turkey has driven itself into a difficult economic situation, primarily due to the absolutely mediocre monetary policy of its Central Bank (or even Erdogan personally, who replaced several leaders of the Central Bank who disagreed with his vision of the situation). Technically, Turkey is now experiencing hyperinflation, perhaps not galloping.

I have no illusions about Russian-Turkish friendship, because there is no other country in the world with which Russia would fight more often than with Turkey. But Erdogan's policy is respected, if only by the fact that he is trying to pursue the interests of Turkey, in contrast to the leaders of Europe, who for the most part did not give a damn about their countries and pursue the interests of the United States. If you look at the location of US military bases in Europe, then technically the EU is a territory occupied by the US.

Here is my take on this:

Turkey has some differences with other NATO members, especially on the issue of PKK. But at the same time, they realize that Russia is their no.1 enemy. But the difference is that Erdoğan is very shrewd. He knows how to play here. Most of the oil and gas supplies come from Russia and Turkey is also dependent on Russian tourists for revenue. So even if he hates Russia and do everything he could to destroy Russia from behind, he doesn't want a direct and open confrontation with the Russians.

The same is the case with Russia. They know that the ultimate aim of Turkey is to capture parts of Russia (such as the Turkic republics of Tatarstan and Bashkortostan), but for short term gains they are keeping a working relationship with Turkey. I want to see for how long this game of cat and mouse is going to continue. 

Many countries don't want to participate on putting sanctions against Russia but still they are against the action of Russia to declare war with Ukraine, this still a sad situation where the world should care and be affected. Well, the rising tension with China, Taiwan and USA is another big concern and probably my country is at risk as well since we are close to Taiwan and our sea might be a battle ground if ever. Hopefully, they can settle this one and China should not make any action because for sure, it will be a deadly war again which is a big concern for Asian countries.

Turkey is playing the best possible way to stay in a good position, they can’t afford to join any sanctions because they know they will suffer as well. With the recent activity in many countries, we can say that many are just trying to avoid any conflict and trying to save their own economy which currently, Turkey is suffering from a big inflation after 24years. Russian war affected the world, and with the recent activity of China against Taiwan, this is another red flag for us to stay cautious and see how the world market reacts on this.

It is foolish to argue that Russian propaganda generates a lot of "positive" fakes to calm the biomass of Russians, who on February 24, 2022 firmly believed that in 2-4 weeks Ukraine would be completely captured, power would be replaced by Russian puppets whether not daily, change, "the most accurate information" and "objective goals"
In early March, we heard that there were "a couple of days" left before the change of power in Ukraine. Then, after a shameful, cowardly defeat near Kyiv, we suddenly find out that "there was no goal to capture Kyiv" Then we learned, after the total failure of the "special operation", that there were no goals to seize territories beyond the administrative borders of the Donetsk and Luhansk regions of Ukraine. Then we learned that "all aviation of Ukraine was destroyed", but the air strikes against the terrorist troops of Russia continued and intensified Now the Kremlin is screaming from the fact that they need a pause and are trying to do everything so that Ukraine agrees to sit down at the negotiating table, but none of this does not work
The "second army in the world" turned out to be a fake and a collection of ordinary consumables. The bunker miserable creature is hysterical and is looking for ways to negotiate, because the economy is "bursting at the seams" and the army is demoralized and almost defeated! The only thing that has been possible so far is to throw the defense lines of the Ukrainian army with the corpses of Russians
And Lendlis is on the way, which 80 years ago helped destroy fascism / Nazism, and now it will destroy rashism

Russia and Turkey have historically very complicated, contradictory and interesting relations. The current head of Turkey is a vivid example of a politician who simultaneously manages to sit with one ass not even on two, but on 3-4 chairs. For example, Turkey is a NATO member and supplies attack drones to Ukraine, but at the same time refrains from sanctions against Russia and welcomes Russian tourists in every possible way at its resorts. In recent history, there was an episode with a Russian plane shot down by Turkey, and a "tomato" war, in short, everything here is very interesting, confusing and complicated.

As recently as today, Erdogan met with Putin in Sochi, the details of their conversation are unknown to me.

In both cases, it is Turkey who is acting as a provocateur. The sick man of Europe needs to be dealt with once and forever. As a first step, Russia can provide modern weapons to PKK rebels who are fighting against Turkey. Also, Russia need to place nuclear-tipped missiles in Armenia, in order to prevent any Turkish misadventure. They committed genocide against Greeks, Armenians and Assyrians, in which 3-4 million people were killed. Nazis paid for their genocide against the Jews. Turks also need to pay.

It’s such a weird feeling to see a nation that would do better if it wasn't for corruption and wealth gap, end up being like this. My nation has a lot more inflation than Sri Lanka, well "had" but now it is worse over there, and the fuel prices are a lot bigger here, and the national debt is even bigger and we do not have anything in the treasury neither, but we do not have people uprising.

Meaning that, even though our nation is as corrupt as the next guy, Sri Lankas also had a wealth gap that wasn't understandable, if you have 10 people living like kings when millions starve on the streets, then you are going to get riots and there is no way of avoiding that at all.

I'm more concerned about the outbreak of ethnic conflict between Albanians and Serbs in Kosovo. Russia is weakly involved in the Karabakh conflict emotionally, but the Serbs and Russian brothers are forever, and if the Serbs begin to be cut in Kosovo, this will probably result in a direct conflict between Russia and NATO. If NATO wants to fight Russia, they know what to do.

LOL.. reports coming in that PMC Wagner has captured parts of Bakhmut (Artyomovsk) yesterday. DNR militia meanwhile have captured half of Pisky (near airport). And the much hyped counter-offensive in Kherson has stalled. Another proof of the alleged success of anti-Russian sanctions.

BTW, NATO is getting more and more desperate. They asked Azerbaijan to attack Armenian forces in Nagorno Karabakh, to create another front against Russia. From what I heard, Azeri forces captured a few villages and a number of Armenian soldiers were killed in drone attacks. There are thousands of Russian peacekeepers in Karabakh. If the Azeris attack them, then it is not going to end well for Azerbaijan.

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.