On February 24, 2022, Russia began its invasion of Ukraine. The world was shocked by the news. President Putin has declared that he will carry out a “special military operation” against Ukraine.
EU and the United States, of course immediately imposed economic sanctions on Russia. To pleading Russia and support Ukraine.
Due to continued sanctions, The prices of crude oil, natural gas, and mineral resources were rapidly up higher, by concerning the supply disruption.
Natural Gas/Crude OIL Chart
The sanctions have further exacerbated the inflationary pressures that had already been set in motion by the post-COVID-19 recovery rally.
Compared to March 2020, the price of natural gas has risen by 481%, 9.4190 at highest point in August, along with crude oil reached out 433.23% higher, 119.650.
Russia is not only one of the most influential exporter of energy, but minerals, metals, fertilizer, machinery and equipment. So the supply disruption has brought the inflation at critical revel among most of the countries.
Central banks of major countries fought to bring down the inflation by higher interest rate. That made gradually the price milder, seemed that peak was in mid-2022,
But seemingly, that was not a proper prescription for such a complicated supply disruptions. Yet, to be remained relatively higher 2023 to 2024 likewise.
Meanwhile, the EU and the US have continued to support and supply weapons to Ukraine. Despite, public opinions are getting skeptical about unprecedented excessive aids of both countries.
The EU spent the total amount of $91 billion by December 21, 2023.
The US has directed more than 75 billion in total assistance, includes 46.3 billion for military aid since January 2022 to December 27, 2023. And another forms of Ukraine aid are on issue of the EU and the US in 2024.
U.S. Aid to UKRAINE FAR EXCEEDS
Certainly, there are also some negative impacts with the financial aspects, economical relationship and political considerations as escalating conflicts.
Russia has kept to defend itself from the attack of Ukraine with the US made weapons. Every time Russia responds the attack or sanctions, everything Russia says or do is regarded as evil.
If Ukraine has right to defend itself, why not Russia. Russia also has definitely right to defend itself.
And also There have been the questions. Why the US would not let Ukraine the diplomatic solutions? Why keep sending weapons?
To. answer that, there always come up about natural gas. It could be the reason. Behold, here, it is going to unveil of its enigma.
