Post
Topic
Board Economics
Re: Pay in rubles or have your gas shut off by April
by
Sithara007
on 22/05/2022, 03:16:26 UTC
Yes, the war had really affect so many countries especially the European Union that is made up of countries that depends much on the oil and gas from Russia. People have started seeing the reason why the war needs to be stopped because many citizens can not afford the price of gases this time around. If the war continues, then it will have effect on most countries that depends on Russia for raw materials and gas supplies.

It is not just affecting the countries that are dependent on imports from Russia. India gets most of it's oil and gas from the middle east. But the embargo on Russia has resulted in a huge spike in oil and gas prices and therefore we are suffering from it. Central bank has increased it's repo rate and suddenly the EMIs have become more expensive. Trade deficit is widening to unsustainable levels, and inflation rate is skyrocketing. I would rather blame the US and EU, for their stupid sanctions and embargoes. Rather than hurting Russia, these sanctions have hurt people like me.