Russia Ukraine War: News, Updates, Reasons and Impact

Introduction to Russia Ukraine War

In the summer of 2022, a bloody and devastating war broke out between Russia and Ukraine. It lasted only six weeks, but it cost the lives of over one million people and left both countries in ruins. In this article, I will recount the events that led up to the war, provide a brief overview of the conflict, and discuss some of the long-term consequences of the war.

Between 2014 and 2022, the Russian Federation invaded Ukraine twice. The first invasion, in late 2014, was a largely successful campaign that saw the annexation of Crimea and the outbreak of a separatist insurgency in eastern Ukraine. The second invasion, in late 2020, was a disaster for Russia; after initial gains, the Russian military was forced to retreat from Ukrainian territory, suffering heavy losses in the process.

Impact of Russia Ukraine War

The crisis in Ukraine has exacerbated the threat and complicated the possible solutions to a number of economic issues.
As the war between Russia and Ukraine enters its seventh day on Wednesday, when it previously continued its attacks on overcrowded Ukrainian cities with a horde of Russian tanks and other vehicles, the dire financial backlash expressed in the program is visible globally and not just globally. Status of Russian President Vladimir Putin.
As Russia suffers heavily due to sanctions imposed by Western countries, which include cutting off many Russian banks in the payment system between SWIFT banks, the ongoing conflict could hit industries that rely on supply supplies, especially industrial goods, according to several news reports. .
In addition, the consequences endanger the global economy, shake up financial markets and make life extremely dangerous for everyone.
Power:
Many European countries rely heavily on Russia’s power, especially gas for several important pipelines. Even if the conflict comes to an end, Russia’s strong economic sanctions could make it difficult for these countries to import gas.
Meanwhile, oil prices rose on Wednesday as commodity disruptions intensified following sanctions on Russian banks, as traders struggled to find alternative sources of oil in the already tight market.
Brent crude futures rose above $ 8, affecting a high price of $ 113.02 a barrel, the highest since June 2014, before falling to $ 111.53, up $ 6.56 or 6.3 percent at 0950 GMT.
The crude futures of the US West Texas Intermediate (WTI) also exceeded $ 8 a barrel, hitting the highest value since August 2013 before losing something to trade at $ 6.39 or 6.2 percent to $ 109.80 a barrel.
Transportation:
With global transportation already severely disrupted by the epidemic, the war is likely to create more problems. Modes of transport that may be affected by the sea and railway equipment. Although the railway carries only a small portion of the total cargo between Asia and Europe, it has played a significant role in the recent disruption of transportation and is growing steadily. Countries such as Lithuania expect to see the trains affected by heavy sanctions against Russia.
Logistics & Supply chain:
Unexpected global stability from the outbreak of the epidemic has left companies struggling to find adequate raw materials and components to meet the growing demand for customers. Damaged factories, ports and cargo holdings meant shortages, shipping delays and high prices. Disruption in the Russian and Ukrainian industries can delay any return to normalcy.
Edible fats:
Ukraine alone makes up about half of the sunflower oil exported. If harvesting and processing are banned in war-torn Ukraine, or exports are banned, importers will find it difficult to replace them.
In India, with a major threat to service delivery disruption, companies are left with no choice but to consider rising fuel prices for daily consumption within weeks. According to the country’s leading edible oil producers, more than 70 percent of India’s crude oil demand is met by imports. With sunflower oil, the share is even higher.
Food Supplies:
Ukraine and Russia make up 30 percent of export wheat, 19 percent of corn, and 80 percent of solar oil, used for food processing. Most of Russia and Ukraine’s profits go to poorer and less stable countries like Yemen and Libya, reports the Associated Press. The threat of farms in eastern Ukraine and the decline in exports through the Black Sea ports may reduce food prices when prices are too high. since 2011 and other countries are facing food shortages.

Rising Prices:

The Ukrainian war coincides with a very dangerous time for the Federal Reserve and other central banks. They were caught unawares due to inflation over the past year – the result, in particular, of an unexpectedly strong economic recovery.

In January, U.S. consumer prices rose 7.5 percent from a year earlier, the biggest jump since 1982. In Europe, figures on Wednesday show that inflation rose to a record 5.8 percent last month compared to last year in 19 using countries. euro currency.

Mark Zandi, chief economist at Moody’s Analytics, told the AP, “Now, fighting sanctions that have disrupted Russia’s trade with the world economy threatens to send higher prices, especially power.” Russia and Ukraine, Zandi added, together produce 12 percent of the world’s oil and 17 percent of its natural gas.

Automotive:

The automotive industry is expected to be hit hard by the war. Rising oil prices, persistent shortages of semiconductors and chips and other rare earth metals may add to the industry’s woes. Apart from that, Ukraine is also home to many companies that make car parts for car manufacturers.

According to The Wall Street Journal, Leon AG, a provider of Ukrainian-made cable systems to European car companies, has closed two of its factories in the country. As a result, Volkswagen AG had to shut down one of its plants in Germany.

“Ukraine is not a priority in our chain of goods, but we suddenly find that while this part is gone, it is lost,” the letter quoted a Volkswagen spokesman as saying.

Even before Putin’s troops invaded Ukraine, the global economy struggled under a series of heavy burdens: rising inflation, rampant chains, and declining stock prices. The Ukrainian crisis both exacerbated each threat and made solutions difficult.

Reason for Russia Ukraine War

The Russian leader’s first goal was to overthrow Ukraine and overthrow its government, ending its desire to join the Western defense alliance Nato. He failed to capture the capital Kyiv and after a month of crisis he turned to eastern and southern Ukraine. Introducing the attack on the 24th of February, he told the Russian people that his aim was to end the war and to eradicate Nazism from Ukraine, to protect the people under them. in what he called an eight-year period of abuses and genocide by the Ukrainian government.

Interior Minister Sergei Lavrov spoke of liberating Ukraine from oppression. Ukraine’s democratically elected president, Volodymyr Zelenskyy, said “the enemy has appointed me as the number one target; my family is second.” The Russian leader refused to call it the invasion or the war, and doing so became a criminal offense. Instead it can only be called a “special military operation”. The Nazi claims and genocide in Ukraine are completely baseless but are part of the recurring narratives of Russia for years. Moscow even made serious allegations that Ukraine developed a pollutant containing plutonium. But it is Russia now accused by the international community of atrocities. Several countries including the US and Canada go further and call it genocide. However for no reason, this war is an important moment. “Russia’s future and its future in the world are at stake,” said foreign intelligence chief Sergei Naryshkin.

In the aftermath of the devastation, the Russian leader’s words now sounded in vain: “It is not our intention to replace Ukraine; they did not intend to force anything on anyone.” The month after the attack began, Russia announced its main goal “the liberation of Donbas” – referring broadly to the eastern regions of Ukraine in Luhansk and Donetsk. More than a third of the area had already been captured by Russian proxy forces in a war that began in 2014, and now Russia wants to conquer it all. described as a significant reduction in Ukraine’s fighting power. But it is clear from Russia’s withdrawal from the Kyiv region that it has downplayed its ambitions. “Putin needs to win,” said Andrei Kortunov, head of Russia’s Foreign Council. “At least he needs something to present in his place at home as a victory.”

Russia is traditionally hosting a World War II victory day on May 9 and that is widely regarded as the deadline for tangible results. and creating a world tunnel along the south coast, east from the Crimea to the Russian border. It is not yet clear whether they hope to take control of the entire southern province of Kherson and to occupy more territory along Ukraine’s Black Sea coast. This “neutral, non-military” Ukraine, Russia says, has an army and a navy, near Austria or Sweden, both of which are members of the EU. Austria may be neutral, but Sweden is unconcerned and is now considering Nato membership.Ukraine has offered neutrality in return for security guarantees from partners. And yet the Russian leader has set the peace talks at a stalemate. He may therefore be interested in restoring Ukraine to the Russian influence and moving away from its Western inclination. Since Ukraine gained independence in 1991, as the Soviet Union collapsed, it has gradually turned to the West – both the EU and NATO.

The Russian leader wants to change that, seeing the collapse of the Soviet Union as “Russia’s historic disintegration”. He said the Russians and Ukrainians are one and the same people, denying Ukraine its long history and seeing the modern independent world as just a “project against Russia”. “Ukraine has never had a stable culture of a real state,” he said. It was his pressure on Ukrainian pro-Russian leader Viktor Yanukovych not to sign a treaty with the European Union in 2013 that led to protests that ousted the Ukrainian president in February 2014. Separate separatist east and a war that claimed 14,000 lives. As he prepares for the February invasion, he broke the Minsk peace agreement that was not fulfilled in 2015 and accused Nato of threatening “our historic future as a nation”, which he said was basically NATO countries. he wanted to bring war to the Crimea.

Latest Updates and News on Russia Ukraine War

The war between Russia and Ukraine entered its 57th day on Thursday and senior officials from Britain, the United States and Canada made a visit to Moscow to represent the Group of 20 on Wednesday. The group’s split was revealed after several members spoke out against criticism of Russia’s brutal war in Ukraine.

Meanwhile, Russian troops say they will seize the Mariupol steel plant on Thursday. It is the last stronghold against the besieged city. If it really happens, Mariupol will be the largest city to be taken by Russia in an eight-week long-running attack.

The Ministry of Defense in Ukraine is yet to comment on this.

On Wednesday, Russia launched its first launch of its Sarmat intercontinental ballistic missile, which has been added and long-awaited for its nuclear weapons.

The Ukrainian wars were holding on to their last skepticism in Mariupol on Friday after Russian President Vladimir Putin claimed victory in the war, saying the port city had been “liberated” following weeks of bombings. The United States on Thursday, however, disputed Putin’s claim and said he believed Ukrainian troops were still in control of the city.

Meanwhile, satellite images released on Thursday showed what appeared to be a mass grave near Mariupol, with local officials accusing Russia of burying about 9,000 Ukrainian citizens there in an attempt to cover up the killings that took place in the siege of the port city.

In other news, the Biden Administration said it was the United States, not Russia, that would also be India’s “faithful” partner after the war in Ukraine. Britain, on the other hand, will provide India with information on how to build its own fighter jets and license for the immediate delivery of defense equipment when the two prime ministers meet on Friday, as Western countries try to move India away from Russia.