Post
Topic
Board Economics
Re: The impact of Russian and Ukrain war on world economy
by
Zlantann
on 22/08/2022, 18:02:01 UTC
Due to war of Russia-Ukraine, there is shortage of gas supply and foods. After this, european countries agreed to reduce gas demand by 15% in end of this winter 2022.
The disconnectedness between Russia and Europe cannot be disconnected even in a decade. Europe is hyper-depends on Russia for oil and gas and Russia also depends on Europe for funds. Russia started preparing for this invasion long time ago and they know that Europe would be helpless for some years without them. The economic strength of the members of the European union are not the same. France, Germany or Spain can easily affort alternative source of power but what about less wealthy