The decimation wrought by Russia’s invasion of Ukraine on 2022 Feb 24 has been immense. Ukraine has crumbled, its economy severely damaged and its people scattered across the EU and the Western world. On one hand Ukraine has a bully neighbour intent on destroying it, while on the other Western countries have continued to provide Ukraine with enough weapons to continue its fight, the result being even more destruction of Ukraine. Ukraine’s predicament has had many other global implications, almost all bad.
The Covid-19 pandemic slowed down the world economy by messing up supply chains, but the real kicker to the world was Russia’s invasion of Ukraine, and the West’s response to it. Decisions by the West early in the invasion clearly helped Russia and decimated Ukraine, but no country and people will get off Scot-free. As oil and gas, and wheat prices skyrocket, coupled with supply chain problems with China, the world will soon welcome a global recession.