Collapse _ World Economy_Covid 19_ War

By SAYEEDIN

 


 As soon as Covid 19 vanishes, Russia and Ukraine war takes place, on the contrary, the world's economy is colliding relentlessly. Moreover, the worldwide economic dilemma has reached such a stage that has been next to impossible to keep under control. However, price imbalance of goods and services in the international market, trade deficiency and imbalance in the economic transaction is the ultimate negative outcomes originating from through Russia and Ukraine war.



Firstly, due to Russia Ukraine battle's constancy, the price-hike of goods and services in the international market is increasingly soared. Especially, the price of oil and gas is on the increase.



Secondly, trade deficiency is another bad outcome according to Russia and Ukraine wars. The battle creates turmoil in the import and export system in the international trade system is responsible for international trade deficiency.



Thirdly, an imbalance in economic transection in international trade has been created on the existing war between Russia and Ukraine.



Be that as it may, conflict and combat behind Russia and Ukraine, a massive multinational political-economical- interest that is latent. The USA and EU-affiliated countries are involved in the cold war with Russia since the second world war II and at that time Neto was constituted for martial help NATO affiliated based countries. Whereas, the pre-Suviate union's strength was not less than those NATO possessed countries. Also, at that time ancient Soviet Union-affiliated countries get a taste of freedom due to the collapse of the soviet union. One of the countries under Russia, Ukraine's eagerness to join NATO causes a burning issue, eventually, Ucrain's this yearn bring into long-time war. On the other hand, Russia becomes too much aggressive and violent to impede the westerns' latent purposes' implementation. Besides, the Russian economy has been facing economic restrictions one by one, even upon exotic bank reservations, and economic transactions. But Russia has taken a shrewd step in standing against them.



 Whatever oil and gas supply has been restricted by Russia to the USA and EU affiliated countries for which reason the continuation of the production system in varied sectors all over Europe and the USA is searching for an alternative way of fulfilling demands of oil for their countries' wheel activation.



Moreover, Russia's created oil and gas artificial deficiency in the international market increase their price. Also, the artificial dearth of oil and gas in the international market, and the decreasing oil and gas supply rather than consumer demands are responsible for worldwide inflation.



Furthermore, the imbalance of the import-export system in the international market creates a trade dearth. Notably, USA and EU affiliated countries are in quest of oil and gas sources to run on a productivity system.



In addition, USA and EU authorities' economic transaction restrictions could not be stopped Russia's monetary transaction system with worldwide economic transaction institutions. Instead, Russia has begun its own currency system in the case of financial transactions with many countries and with multinational finance organizations. 



In conclusion, no war can bring any blessing but rather bring worldwide economic burning issues that brittles the world's economy.
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