Topic: The impact of Russian and Ukrain war on world economy - page 46. (Read 13245 times)

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.

This situation is very good for the American economy. And it is very convenient to blame the Russians for all the troubles.
Russian oil and raw materials will be sold more expensive under the guise of oil and raw materials from other countries. Business will not stop.

A simple example with cars in Russia: deliveries of cars of many brands to Russia from Europe are prohibited, so car dealerships sell new cars of the same brands from Asia. There are already a lot of offers, so prices have fallen to the level of the beginning of this year.

The biggest thing that we can associate these two countries are to :
Russia : oil
Ukraine : Grains
Now we do know that countries nearby would be affected not just because they won't be getting oil from Russia untainted but they are not recieving any grain exports from Ukraine as well.

I do understand that some of you might say that they signed the deal regarding the grain export but blah blah blah, honestly Russians are not letting that happen, they are even burning the crops as well which means that they are trying to pressurise the EU through stopping their grains exchange as well.

Some countries are still getting some oil imported from Russia because they are eventually going to get it from somewhere and other countries are not really increasing the exports of oil.

Undoubtedly and obviously oil is one of the most important thing globally, and Russia is only the 3rd biggest oil producer in the world and look at the effects of it in the global market. Oil controls almost every prices of the products in the market . So, yeah if Russia doesn't have that much oil production, that war won't going to have any effect on the global economy.
And, yes Russia knew this that's the reason why this country could definitely stand on their own as one of the most powerful country in the world.

You need to understand that oil and natural gas are not the only commodities that are exported from Russia. That country is the top exporter of wheat and Palladium. They are among the top5 producers for Aluminum, Cobalt, Gold, Magnesium, Coal, Nickel, Platinum, Silver, Steel, Titanium, Tungsten and Uranium. They produced more than 50% of the global supply of inert gases. Uralkali and Belaruskali provided around 40% of the global supply of Potash fertilizer. Maybe the sanctions and embargoes may accelerate the transition of Russia from a country that exports mineral commodities to one that exports finished products.

As a result, it has come to a point where Ukraine is only a scapegoat. I do not support anything related to war that results in casualties. If Ukraine did not oppose, for example, returning to a path where the country position did not accept NATO offer, it might not be as chaotic as this. I'm just assuming that the west has killed Ukraine behind the scenes. It's not just about Russia being at the forefront, but when Russia is pushing back against the Western economy, it's clear that Ukraine is a soft bait.

We will see which of the party are going to experience the worse whether it's Europe or Russia. All countries are affected. But there are also countries that benefit from the situation since Russia becomes thier biggest partner in the gas/oil trade like China and India. Some become neutral and then there's West. I don't see this ending well if the West will not resume drilling oil.

Not only makes the oil rise, Russia's invasion of Ukraine also exacerbated the problem of inflation and other impacts of rising food and energy prices
in almost all countries in the world. After all the impact of war will indeed be very bad for many people, there were even riots in several countries due
to the economic crisis due to the increase in food and oil. We also know that Russia is one of the largest oil exporters in the world. Moreover,
oil is a very important need for many countries in the world to move the economy. Therefore, if the war between Russia and Ukraine is not
stopped immediately, the condition of the world economy will worsen. If this is the case, the war between Russia and Ukraine becomes a very
complicated problem because the impact is unwittingly quite large.