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Home Opinion & Editorial Opinion

Russia-Ukraine war and world economy

Ambassador Dr. Jamil by Ambassador Dr. Jamil
February 26, 2023

The Russia-Ukraine war, which has caused numerous conflicts at the international level and countless threats to the world economy, has completed one year this month, along with which the statements of the Presidents of Russia and the United States came out. US President Joe Biden said in his State of the Union address that no one should have the misconception that global strategic balance may be violated. Russia has suspended participation in the nuclear arms reduction agreement with the United States. Russian President Vladimir Putin said that the objectives of the Western elite are not hidden. The US made the Ukraine war a global conflict. If America continues to test nuclear weapons, we will also test.

The fact is that 90% of the world’s weapons are in the custody of Russia and America. The tension between Russia and the United States is seen to continue to increase in the coming days and when we talk about the conflict between the United States and Russia in the Russia-Ukraine war, the NATO countries under the control of the United States are side by side. These countries are very strong allies of the United States and this is the reason why the member countries of the European Union are also openly supporting the United States.

NATO countries wanted Ukraine to become a member of the United States, but Russia strongly objected to it. Russia was afraid that if the NATO countries make Ukraine a member of their organization, on the one hand, it will endanger the national security of Russia, and on the other hand, if the weapons of the NATO countries start to be installed in Ukraine, it will create tensions. In this context, the tension between the western allied countries with the United States and Russia on the other hand will continue to increase and due to this tension, the economy is being damaged on a large scale around the world.

Due to the Russia-Ukraine war, a worldwide shortage of food, grain and wheat, inflation due to logistics, excessive increases in the fares of ships passing through logistics, and due to obstacles, a storm of global inflation has arisen from country to country. Cargo insurance premiums on every ship increased manifold. From the beginning of this week, the news was heard that in a country like Britain, the shelves became empty, and there are no vegetables and fruits. This matter happened in Britain because of communication and distribution centers.

If a country like the UK does not have fruits and vegetables because the ships are not arriving on time and there is a lack of connections with the supply points if a country like the UK is in a situation where, after 1 year of the Ukrainian war, essential goods are not reaching the citizens then what will happen to developing countries? But I wish powerful countries like America and Russia would try to end the war by coming to an irresolvable conclusion for the survival of mankind, otherwise the signals and the strategies that are being received from both the US and Russia, it seems there is a fear that a nuclear war.

When that happens, only a very small number of human beings can survive on this planet and all other people, regardless of their race, color or religion, will disappear from the face of existence. This is a dire situation that a nuclear power would not want to deliberately face unless it is confident that its nuclear attack will prevent the other country from being able to retaliate.

But it is not so. Each nuclear power has prepared its own counter-attack and therefore the nuclear states do not allow the flames of war to reach the point where they have to use nuclear weapons. The example of India and Pakistan is also in front of us that ever since Pakistan became a nuclear power, India has not fought a large-scale war in Pakistan, nor is it likely to be fought in which the use of nuclear power becomes necessary.

A country like Pakistan whose economy is already at sixes and sevens. The ongoing US-Russian war in Ukraine is also having a heavy impact on it. A country that is already at the peak of political instability, in which the conditions of law and order are getting worse and worse. In a country where the judiciary is being criticized, and in a country where inflation has reached its heights and people are deprived of two meals a day, the effects of the Ukrainian war leave an oil on fire.

May Allah Almighty have mercy on our country and give our nobles and leaders so much understanding that they should consider all these issues and resolve their differences and save this country and nation from going into a terrible situation.

Translated by MM News editorial team. 

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