Russia Guilty of Driving the World towards Recession and Food Crisis

What is very clear is that Russia started the war and not Ukraine. Today, the war is taking place on the land and airspace of Ukraine and not that of Russia.

by N.S.

VenkataramanRussia started the Ukraine war, blaming Ukraine for it's proposal to join NATO, which according to Russia would pose security threat for Russia. Subsequently, even though Ukraine said that it would not join NATO and NATO also confirmed that it has no proposal to admit Ukraine, Russia did not stop the war.

On February,24, Russia sent it's troops to Ukraine under the guise of protecting the Russian speaking population there , especially in the breakaway regions of Luhansk and Donetsk. Russia recognised the independence of the separatist republics shortly before launching the military action on Ukraine.

What is very clear is that Russia started the war and not Ukraine . Today, the war is taking place on the land and airspace of Ukraine and not that of Russia.

Ukraine is only defending its territory and Russia is clearly the aggressor. Therefore, the war has to be stopped by Russia and if the war were to continue , Russia is solely and fully responsible for the consequences such as global recession and food crisis.

While it is not clear as to what is the ultimate objective of Russia in conducting this brutal and ruthless attack on Ukraine , the ground reality is that Russia has significantly disturbed the global economy and forced several countries, particularly the small countries with weak economy , into a state of severe crisisWorld cannot be without supply of essentials from Russia :Russia is a dominant supplier of energy ( crude oil and natural gas) , wheat, fertilisers and several other products to the world. Therefore, the world is bound to get into a scenario of supply and economic crisis , if Russia were to stop the supply of essentials to the world market.

Energy supply :Russia holds 80,000,000,000 barrels of proven oil reserves ranking 8th in the world and accounting for about 4.8% of the world's total oil reserves of 1,650,585,140,000 barrels.

Russia has proven oil reserves equivalent to 60.4 times its annual consumption. Russia is the world's third largest oil producer behind the United States and Saudi Arabia.

Russia is the second largest crude oil exporter behind Saudi Arabia. Russian crude and condensate output is around 10.5 million barrels per day (bpd), making up around 12% of the world's total supplyRussia remains the second largest natural gas producer in the world...