- The war against the possible situation due to economic sanctions on Russia will last for two years
- Before the world is barely freeing itself from the grip of the recession that followed Kovid, it has begun to fear the possible effects of economic sanctions.
- Human beings die on the spot when bombs are dropped in war while economic recession is like slow poison. Which kills a man from a weak country
The war between Russia and Ukraine may not last long, but the war against the potential situation arising out of economic sanctions on Russia will last for two years. The economic sanctions imposed on Kovid and now Russia could weaken the world, especially India's economy.
The war is being waged on a more economic level than human beings are being killed in war. Human beings die on the spot when bombs are dropped in war while economic recession is like poison. Which kills a man from a weak country. Economic sanctions will affect a number of issues such as the number of people working in infrastructure, increase inflation and may even create uncertainties.
The war between Russia and Ukraine has ended and now the war of economic sanctions against Russia will be seen. US President Biden has repeatedly said that we will tighten economic sanctions on Russia. When a country goes to war, it comes out thinking about every aspect. Russia has cut off the nose of the US junta by dragging Ukraine to the negotiating table.
When two big bulls fight, the victim is killed without leaving the nearest. Economic experts are mistaken for India's economy. Discussions on the impact of economic sanctions on Russia on India have intensified. Not just India but the world economy could be affected. Before the world is barely freeing itself from the grip of the recession that followed Kovid, it has begun to fear the possible effects of economic sanctions. It is important to note here that India is not only concerned about the impact of economic sanctions but also about border issues.
India has won the admiration of the people by adopting a neutral stance in the Russia-Ukraine dispute, but India is worried about the recession. It is welcome that the walk between Russia and Ukraine has stalled towards World War II, but the so-called sanctions, which are being raised by the US, can kill India, even if they do not strike.
We must not forget the fact that today's economic system of India cannot tolerate erosion. India's economic system, which is barely on track to progress, may be stuck in the side effects of economic sanctions on Russia. India is fortunate to have relations with both the US and Russia. It has trade relations with both the countries but both are on the stage of Cold War and both want the support of India.
India's sanctions could escalate if US imposes sanctions on Russia. Orders for Russia's S-400 missile system are ready. It could get stuck because of sanctions in the US. This is because the US can say in its sanctions order not to buy anything from Russia.
Until now, the eyes of the world have been on China's regionalist policy, but now it has shifted to Russia. But as the impact of economic sanctions on Russia grows, so will Russia and China. If that happens, Pakistan's border with India could be in turmoil.
Readers will recall that India boycotted the recent Olympic Games in China, both diplomatically and politically. Pakistan's President Imran Khan, on the other hand, reached out to the Games to forge stronger ties with China.
India's main problem is oil prices. Today, oil prices are hovering around 108 barrels, which will have a direct impact on petrol and diesel prices. Russia may have taught Ukraine a lesson, but President Biden's remarks suggest that the United States will now try to stifle Russia by imposing economic sanctions.
Every country's economy was in a recession. Now that the US has lifted sanctions, the recession could deepen. Last Friday, the US cut off the wings of trading with Russian banks against the dollar. Penalties will be imposed on five banks, including Beaver Bank, Russia's largest lender. We don't think about the effects on banks and European countries, but we do think about the effects on India's inflation.
Commodity markets are bound to come under the direct and indirect effects of sanctions. It is unknown at this time what he will do after leaving the post. But its effects are certain. Even if Russia says that other countries' economic systems will collapse, Russia's economic systems are likely to collapse at home.
Petrol and diesel prices have also touched ૫ 103. The impact of which is beginning to fall on the prices of everyday consumer goods. Now, if the ban takes effect, the price of oil could reach Rs 15. In other words, petrol can be found at Rs 15 per liter in big cities. This is not a matter of if and then but it is certain that the fact will be seen.
Shortage of micro chips and semiconductors will become darker ...
Russia exports important metals such as nickel, copper, and iron produced in Russia to other countries. The material for making neon, palladium, platinum etc. also comes from Russia. Exhaust systems used in automobiles, prices ranging from mobile phones to dental fillings will rise due to restrictions.
Titanium from Russia is used in the aviation industry of the United States, Europe and Britain. Boeing and Airbus have also started looking for alternative suppliers.
The shortage of microchips in 2021 caused serious problems in the auto and mobile manufacturing sectors. The problem was expected to be alleviated in 203, but now that the US is imposing sanctions, microchips from Russia will be shut down and the shortage will be exacerbated. About 90% of the neon material used in chip lithography came from Russia. Semiconductors are also a problem.
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