The war between Russia and Ukraine has continued on for a long time and it is sad to see how it impacts people but alongside that the impact on the economy is strong. there has been a contraction of 33% this year in the economy and people predict that it may contract by another 5% next year. The Russian invasion has destroyed tons of infrastructure and land and nearly 18 million Ukrainians need humanitarian aid. Alongside all of this while the EU and US have pledges over 30 billion dollars this is only a pledge and none of the money has been approved yet, and the aid promised this year was slow do Kyiv had to print money leading to a spike in inflation.
It is interesting and sad seeing the impact on the world and the economy that war has and while it's horrible what's happening, I hate to admit but it is very interesting to see in real-time what is happening because of the war and being able to understand what most of what is being said means unlike other situations in the past where I was too young and lacked the knowledge to understand what was really happening.
Russia is destroying Ukraine’s economy, raising costs for U.S. and allies (msn.com)
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