People are paying more at the gas pump and stores are running out of cooking oil, which is not related to Russia’s war in Ukranian. The invasion of Ukranian by Russia has caused a domino effect of sanctions against the major economy of the world, as well as a refugee crisis. Below, we show some of the changes the world has experienced since the beginning of the war. 24.
African and Middle Eastern countries benefit from the Exports of Grains, Corn, and Cooking oil of Russia and Ukrainians. It is also the second largest producer of gas. The compounding of supply chain and climate challenges is driving up food and gas prices, and pushing millions of people into hunger.
More than 5.8 million people have fled Ukraine in one of the fastest-growing refugee crises in recent history. Humanitarian groups, with resources already strained by crises elsewhere , have sprung into action. The U.N. refugee agency has projected that some 8.3 million people might leave Ukraine and called for more financial support for refugees and host countries as both face challenges with access to food, housing , transportation, education and money.
The world is undergoing a potentially profound realignment due to the nuclear war going on in Europe. It has rattled the United Nations and the European Union and forced them to take sides in new ways. The world is experiencing a nuclear war in Europe that is pushing it toward a realignment. It is making countries take sides in unconventional ways and has made important players like the European Union and the United Nations uneasy.
Russia is a major producer of natural gas and oil. The European Union depends on Russian energy and is preparing for an oil embargo. The global oil and gas trade has been restructured by countries banning Russian energy imports, sanctions Russian companies, and searching for alternative sources of energy.
Russia has the most nuclear weapons in the world. NATO, consisting of the United States and European countries, was re-inspired by its military attack on Ukraine. The world has seen countries increase military spending or re-examine their defenses.