One year after the war in Ukraine, the echoes of cannons are shaking the pillars of the world economy

Updated Sat 2/25/2023 01:55 AM Abu Dhabi time A year after Russia's war in Ukraine, Europe's biggest conflict since World War II, is still reverberating around the world The war in Ukraine that began on February 24, 2022 has not only led to a geopolitical realignment, but also caused economic hardship far from the epicenter of the fighting.

Food and Economy Ukraine and Russia are major exporters of wheat, barley, corn and cooking oil, mainly to African and Middle Eastern countries Turkey and the United Nations brokered a deal last summer to allow Ukrainian grain to pass through Black Sea ports.

A new Russian gas pipeline extending to China via Kazakhstan .

What is the story? Russia is also a major producer of fertilizers and petroleum, and disruptions to the flow of these commodities exacerbate other supply chain and climate challenges, driving up food and gas prices and causing shortages in places like Chad, Tunisia and Sri Lanka Lebanon relies on maize from Ukraine to feed its chickens, and the conflict has disrupted imports.

In Sri Lanka, the economic crisis has been exacerbated by the conflict-induced hike in fuel and food prices In Chad, the local wheat shortage is due to the war in Ukraine, at a time when India is banning wheat exports after a heat wave curtailed production, exacerbating the global shortage caused by the war in Ukraine.

In Tunisia, the war is partly responsible for the rise in food prices and shortages that threaten to spark social unrest Displaced More than 8 million refugees have fled Ukraine in what the World Health Organization describes as "the largest movement of people in the European region since World War II," according to NPR.

In France, Ukrainian refugees fill factory jobs left vacant by a labor shortage in France Millions of American families are without electricity.

A new fury of nature, and thousands of Russians live in Armenia, a former Soviet republic that offers the Russians the possibility of entering without a passport, while Turkey has become a tourist destination and a haven for the Russians As for Germany, more than a third of the Ukrainian refugees who came to Germany say they prefer to stay, and in the United States many Ukrainian refugees settle.

Aligning The 21st-century war in Europe led by a nuclear power is pushing the world toward realignment, alarming NATO and the European Union, forcing nations to align in ways that have led to escalating tensions and diplomatic shifts For example, Turkey, despite being a member of NATO, has increased trade with Russia since the start of the war and has raised objections to allowing Sweden and Finland to join the alliance.

While Chinese leader Xi Jinping and German Chancellor Olaf Scholz agree that any use of nuclear weapons by Russia would cross a red line, relations between China and Russia remain strong despite the international outcry over the war in Ukraine Sweden, independent from NATO since its inception, announced that it would seek membership in the alliance after the Ukraine war, at a time when Finland, which shares a long border with Russia, also announced its desire to join NATO.

Energy Russia is one of the world's largest producers of oil and fuel European countries banned Russian oil, gas and diesel on which they depend, initially causing a sharp rise in prices.

However, moves by European countries to seek alternative sources, along with mild winters, have largely mitigated the price hike, which has returned to pre-war levels In Germany, residents moved to stock up on candles for fear of fuel shortages, and in Italy, as energy costs hit an economy that was once dependent on Russian fuel, the public is becoming more skeptical of arms supplies to Ukraine.

UK households are seeing energy prices soar in Britain's worst cost-of-living crisis in a generation, as India continues to buy Russian oil at a discount even as the West shuns oil Security Russia has more nuclear weapons than any other country.

The war significantly reinvigorated NATO, as the United States and other member states transferred tens of billions of dollars' worth of military equipment to Ukraine Early arms deliveries included anti-tank missiles such as the US-made Javelin, in recent moves the US, Germany and Britain have promised to deliver the latest tanks.

As for Turkey, despite being a member of NATO, it refused to join Western sanctions against Russia or supply weapons to Ukraine, and Germany, after months of resisting the idea, agreed to donate the latest Leopard 2 tanks to Ukraine to help in the fight against Russia Despite the criticism, South Africa is pushing ahead with joint military exercises with both Russia and China.

As for Turkey, despite being a member of NATO, it refused to join Western sanctions against Russia or supply weapons to Ukraine, and Germany, after months of resisting the idea, agreed to donate the latest Leopard 2 tanks to Ukraine to help in the fight against Russia Despite the criticism, South Africa is pushing ahead with joint military exercises with both Russia and China.

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