Topic: The impact of Russian and Ukrain war on world economy - page 47. (Read 13382 times)

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.

All of the results can be directly found on the climbing oil prices. That's the only commodity that the entirety of the world needed from Russia, along with some other minor goods that can be sourced out elsewhere. If the Russians do not have this black gold in their natural resources, I'm pretty sure that the economy of the world will still run pretty stable right now. Just imagine how a single item can affect a lot of industries around the world. The Russians know this, and they are using this advantage of theirs to continue the war on Ukraine until they come out victorious.

indeed this is a difficult situation for everyone in this world. due to war, and has a negative impact on society. such as fuel becomes expensive and so on. and many companies closed. and finally unemployment becomes a lot. and rampant. and I can only hope that the world economy will recover and prosper in the future. and may the war end soon.

The impact of the conflict between Russia and Ukraine has an impact on the world economy. the impact is very significant, because these two countries are major producers and exporters of a number of commodities.
Russia and Ukraine have a strategic role in global trade, of course this conflict affects the supply chain owned by Russia and Ukraine.
Russia is the second largest exporter of crude oil, then for coal exports as well as wheat, natural gas, while Ukraine is the world's largest exporter of seed oil, corn, wheat.

Therefore, the effects of the conflict between Russia and Ukraine will be felt globally, the most visible effect is inflationary pressure.

Our country, just like its neighboring countries here in Southeast Asia is suffering a lot from the inflation rate which was caused mainly by the Russian and Ukraine war. Our oil price really struck high though our main supplier isn't Russia. There are speculations that huge businesses, as well as the government, are also taking advantage of the inflation crisis. I guess the effect of the current war will still last longer but I'm hoping that no country would collapse and will survive the current crisis.

As always, countries which are already struggling will struggle even more (low-income countries), and the strongest ones will be alright. If the war is a big deal, even if we think of it from a mid-term economic perspective instead of a moral one (which I believe should dominate instead), then why not focus on stopping the war? We have one obvious aggressor here, and while it's a mighty aggressor, the world has more power and could, with proper policies, get it out of the way. Ukraine is asking for more weapons, which is unfortunately what we need. But if the world truly united against Russia economically, ensuring that Russia doesn't get money for exports, the war would be over very fast due to a total economic collapse of Russia. But no, countries keep giving Russia billions of dollars because of fearing recession and not being willing to work actively on alternative solutions for their gas and oil problems, and then of course Russia has even more money to keep waging the war. In the end it will have a much bigger effect on global economy than if cutting economic tied with Russia was implemented very swiftly and decisively, but hey, humans aren't very good at long-term thinking and oh no, 2% recession is a way bigger deal than people dying and being tortured when it could be prevented.

But still, most economies are surviving and thriving even though it is hard. We have to deal with the inflation as that's the impact of the war and it's inevitable because usually, there is inflation and only a few countries manage to skip from it for a year or two, and then there it goes again with a few percentages. The current inflation rate for the US is around 8% and CMIIW and that's one of the highest. And aside from the shortage of oil, there goes the high value of USD which solely affected most countries' dollar rate exchange. Those countries that are affected badly by this are the ones that imports and pays through USD.

Tell me what is the impact of these sanctions on the frontline. From what I can see, Ukraine is losing more and more territory as the war progresses and Zelensky is claiming that hundreds of his soldiers are getting killed every day. And remember that all this happened despite Ukraine receiving funds and equipment from 40+ countries. And when the war started, everyone claimed that Ruble will be reduced to "rubble" and Russian economy will undergo a complete meltdown. Ruble is now stronger compared to the pre-war levels, and the so called "meltdown" never occurred.  

We've seen the effects already, Sri Lanka Economic Crisis is Getting Worse, and it did collapse.

And hopefully there will be none to follow, but in ay case, I wouldn't be surprised, prices of Petrol is going up and we all know how valuable this commodities is and now countries not involved will have to control it or are force to buy at a premium today. As comparing it to lockdown wherein countries have shut their economy for almost 2 years, it's different though as compare to the effects of the war.

Western countries demanded an end to sanctions against Russia but instead they kept the sanctions. Then inevitably have to give up to pull the trigger back. Otherwise, Russia will become the master of oil, gas and other important matters as a form of criticism of the system. This leaves western countries in a dilemma and thinking of withdrawing from sanctions.

What is next? just looking at the impact, is it a result of the interests of individual countries or the fact that concern for Ukraine is no longer a priority?

Instead of slowing down the economy, the war is actually boosting it in Russia. That country is heavily dependent on exports of oil, gas, coal, wheat and fertilizer. And the prices of all these commodities have gone up by anywhere from 2x to 20x. The stupid sanctions imposed on Russia by the West further exacerbates the situation and further spikes the prices. On the other hand, the economies are edging towards recession in those countries which used to import these commodities. EU is the most impacted, because they are now trying to replace Russian imports with more expensive stuff from elsewhere.

The lockdowns had an almost equal impact on the global economy, IMO.

There hasn't been a period in recent history involving entire countries shutting down their economy for months, upwards of 1.5 years of restrictions, combined with unfettered money printing in order to stimulate an economy with a workforce that was being paid to stay home. The Ukraine war gave the world an energy crisis and potential food crisis, but that was coming anyways from the post-COVID economic effects. Ukraine war accelerated the process.

Ambition will never run out, after what you get will move to a new land to be captured. War is the way to go but did you know we are sick of all this bullshit about war. We are in a sea of war nations and feel the impact. Russia planned the war well in advance and took advantage of the moment of recovery from the pandemic as the perfect time. Look at the current economy and the prices of basic commodities and fuel are not returning to normal prices.

I think, The first consequence of any large-scale war will seriously affect the loss of both people and property, material, infrastructure... that is inevitable.  The effects of this conflict will include a turning point in world history or the position of many countries will be reversed or disturbed for a very long time.  Whether the side wins-loses or ends up on the negotiating table will bring the final result -> global economic recession, nuclear war risks, energy wars will change

Indeed, when inflation continues to rise and the government does not implement policies that can reduce inflation, sooner or later the country's economy will fall.
after all that's not what we want other than that the war that is still continuing also has an effect on inflation

Most of the impact is self-inflicted via bad sanctions and interferences. If you were to veil those involved in the event and asked people to judge, they will likely side Russia because she was doing it to rescue her children and save herself. I'm not sure if people are aware that Russia allowed alot of Ukrainians into her territory just to make sure they are not harm in the course of the war special operation.
If others had judged right and supported Russia they wouldn't have been in the mess. I never knew Putin loves Europe & Ukraine this much otherwise there were opportunities to do the unthinkable which I think he is aware of but he ignored them. It seems he was just too careful trying to prevent negative impact of the special operation on people but people worked against it.

In regards to food price, unless you don't produce food yourself, you shouldn't have too much problem. I doubt most countries don't have local foods that can easily replace that which are imported from Russia or elsewhere. The food narrative doesn't make much sense to me