A new crisis is being feared in front of the world, emerging from the horrors of The Corona Epidemic. The name of this crisis is the Ukraine Russia news. Some experts in international affairs see this as a sign of the third world war. The people of the eastern part of Ukraine, which had disintegrated from the Soviet Union, have a deep dissatisfaction with the country. Russia wants to take advantage of this opportunity. Earlier, Russia has brought the border of Crimea under its jurisdiction, a dissatisfied part of Ukraine. Then the world could not find time even to express a defensive reaction.
Russia Ukraine News
This time Russia was looking for a chance to fuel the discontent in eastern Ukraine. That’s when the US-led NATO group’s ban on the inclusion of Ukraine gave Russia a chance. In support of separatism in eastern Ukraine, Russia surrounded Ukraine from three sides with its forces. On the other hand, the US-led NATO countries also threaten Russia to answer its mischiefs. The conflict between Russia and Ukraine is at its peak. The US is constantly saying that Russia can attack Ukraine at any time. The eyes of the whole world are fixed on this crisis. NATO and America are constantly warning Russia. NATO says if Russia takes steps like attacking Ukraine, it will pay the price. He may face economic, financial, and political sanctions.
Ukraine Russia News: There have been wars also in two countries in the past, but the situation is serious this time. On both sides is the world’s most powerful country. India had expressed its neutral intentions by keeping itself out of the open debate at the United Nations on the Ukraine issue. But today, it is also difficult to completely ignore India’s role in taking the matter to any conclusion. Due to the pandemic, the economies which are somehow standing up may face challenges again. In such a situation, the investigation of India’s role in the Ukraine crisis and its impact is a big issue for all of us today.
How can India be affected?
The conflict between Russia and Ukraine is affecting the whole world. If the current circumstances turn into war, India may also have to face difficulties on many fronts.
Petrol diesel prices will increase.
For more than a week, the crude price has been running above $90. If there was a war, this situation could get worse. Russia’s share in crude production is 13%. It is half of OPEC’s total output. Western Europe is also heavily dependent on Russia for natural gas. If this supply is disrupted, inflation will increase globally, undoubtedly not be good news for India.
Impact on military imports.
Russia Ukraine News: The regular trade between India and Russia may be less, but Russia has a significant share in India’s military Imports. In the event of any sanctions, it will be difficult for India to find an alternative to Russia.
Before the dissolution of the Soviet Union, Russia’s share in India’s exports was 10%. At present, it has come down to less than 1%. Russia’s share in imports is also 1.4%. Therefore, there does not seem to be much impact on business directly, but India’s efforts to increase trade with Russia will get a setback.