Russian President Putin has given a big statement regarding the ongoing war in West Asia. He said that it is difficult to estimate the impact of this conflict, but its consequences could be like the Corona epidemic. Putin clearly said that this war is not only affecting the regional but also the entire world’s economy and supply system. This has increased concern at the global level.
What did Putin say about the impact of the war?
During a conversation with business leaders in Moscow, Putin said that it is not yet possible to accurately predict the consequences of this conflict. He said that the countries which are involved in this war are themselves not clear about its future. In such a situation, the situation becomes more uncertain for the rest of the world. He also said that in some assessments this crisis is being compared to the Corona epidemic.
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Was global supply and trade affected?
Putin said that the impact of this war is clearly visible on international logistics, production and supply chains. He said that sectors like hydrocarbons, metals and fertilizers are facing huge pressure. This is increasing instability in the global market and may affect the economy of many countries. Companies are also facing huge losses.
Is there a danger of a Corona-like situation?
Putin warned that if the situation does not improve, this crisis can cause a big economic blow like the Corona epidemic. He reminded that during Corona the pace of the entire world had slowed down and every country was affected. He said that this war in West Asia can also stop development and create a global crisis.
It is clear from Putin’s statement that there could be a big challenge for the global economy in the coming times. He indicated that if the war continues for a long time, it will affect every country. In such a situation, the need for diplomatic solution at the international level has increased. The world will have to take quick steps to avoid this crisis.
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