Internet Of Things (IOT)

 

                            RUSSIA VS UKRAINE

                                                – A WAR BEYOND TWO NATIONS

 

For the past few weeks, we are listening to the ongoing war between Russia and Ukraine. But the question is Do we even know the reason behind this feud and its socio-economic impact on the rest of the world, especially on India. Let’s just briefly look at the history of these two nations & try to find out the answers to our questions.

 

·      The Fall of the USSR (1991)

The end of the Cold War marked the disintegration of the USSR (Union of Soviet Socialist Republics) into 15 countries, Russia and Ukraine being two of them.

 

 

Although the Cold war had ended, the Western Nations had some other plans. After the beginning of the cold war, the United States, Canada, and some Western European nations collectively signed a treaty that came to be known as

NATO - North Atlantic Treaty Organization, to provide collective protection against the then-called Soviet Union. Initially, NATO had 12 founding members,

but as time passed, its members started expanding rapidly.

Even some of the disintegrated countries of the USSR started to join NATO.

 

 Another question arises Why NATO is a threat so present-day Russia?

The reason is simple. Any member nation of NATO can send its troops to the other member of NATO. Moreover, if any nation attacks/invades any one member of NATO, all the members will collectively attack that invading nation. Russia sees this motive as its greatest threat. The US has already sent its troops to some of these nations which are close to Russia. And in recent times, Ukraine has also shown its interest in joining NATO. If that happens, the US will be able to send its army across the border of Russia, thus enraging Russia.

Russia wants the western nations to sign an agreement stating that Ukraine will never be part of NATO in order to maintain their national security.

   Impact of War: -

 

“Whenever a War arises between two nations, the ultimate cost is paid by the common people.”

The present-day war will not only tremble the economy of Russia – Ukraine but will also have some adverse effects on the Global Economy as well.

v Many European countries are heavily dependent on Russian energy, particularly gas through several vital pipelines. Even if the conflict comes to an end, there is a possibility that the harsh economic sanctions on Russia would make it very difficult for these countries to be able to import gas.

v With global transport already severely disrupted in the aftermath of the pandemic, the war is likely to create further problems. The transport modes likely to be affected are ocean shipping and rail freight. While rail carries only a small proportion of the total freight between Asia and Europe, it has played a vital role during recent transport disruptions and is growing steadily

v The world’s unexpectedly robust recovery from the pandemic recession left companies scrambling to find enough raw materials and components to produce goods to meet surging customer demand. Overwhelmed factories, ports, and freight yards have meant shortages, shipping delays, and higher prices.

 

                                            Courtesy – India Today Group.

·      How will this War Impact the Indian Economy?

   The stock market has crashed significantly.

    Prices of crude oil have increased heavily.

   International flights may shoot by 25% to 45%. 

   Prices of Edible oils to increase as 70% of India’s Sunflower oil is imported from Ukraine.

 

 

Even though the war is between Russia and Ukraine, the aftermath effects of war have already begun to show Globally.

 

What are your views on it???

 

 

FROM:

Sanket Thorat

Social Media Manager, ELESA.