The Ukrainian economy is collapsing. He should get out of war and build instead

J he world has been witnessing the Russian-Ukrainian conflict for two months now, and it is far from over. And there is also the fear now that this conflict could escalate, perhaps even to weapons of mass destruction. Western countries, especially the United States, and NATO cannot supply arms to Ukraine indefinitely. What will Ukraine do then? How will he then face the powerful Russian army?

The best possible end we see for this conflict is for Ukraine to pack up because Russia is very unlikely to lay down its arms because Russia’s solidly built reputation is at stake here and any stain on that reputation will greatly affect the Kremlins’ defense sales while the reliability and effectiveness of Russian weapons will then come into play. This in turn may cause big buyers such as India and Vietnam to look to the West and perhaps losing those buyers is the last thing Russia wants in an economy already highly dependent on oil.

The situation is different in Ukraine. The continuation of this conflict will only complicate Ukraine’s recovery from this conflict. The IMF has predicted that the Ukrainian economy will experience negative growth of 35% in this fiscal year. The sooner this war ends, the better for Ukraine, and Zelensky needs to understand that. There is the undeniable and naturally understandable patriotic aspect that the Ukrainian people are imbued with at this moment and because of this emotion, they are far from stopping this war for which they voluntarily and courageously give their lives. However, that doesn’t change the fact that in the end, no matter how hard they fight, they simply won’t be able to withstand Vladimir Putin’s Russia forever.

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This conflict not only impacted economic growth in Ukraine and Russia, but began to have effects around the world. Europe has recorded inflation of 7%, the export market is down and oil prices are up. The economy of no country on the planet is in good shape right now.

Now we come to the question, even if Ukraine just wants to lay down its arms, how is it going to do it? The best and easiest way to do this is simply to state that Ukraine, neither in the present nor in the future, will seek to rejoin NATO or any other European alliance that might affect the interests security of Russia. But the next big question after that is: will Russia settle for that? And if this is not the case, it is necessary to reflect on the real objectives of Russia in Europe.

The author is a student at Sir Padampat Singhania, Kanpur. Views are personal

Christi C. Elwood