Since the Russia-Ukraine war escalated, 29 European states have pledged more than $209 billion in new defense funding—a trend that is expected to climb in 2023.
On February 28, 2022, FIFA decided that “Russian teams, whether national representative teams or club teams, shall be suspended from participation in both FIFA and UEFA competitions until further notice.
Read: The Indo-Pacific: China, Australia, and the US Compete over Supremacy International order crisis? The war between Ukraine and Russia has ascertained the importance of security in the present international order.
Other examples include Okhotnik by Russia, MQ-20 Avenger and XQ-58 Valkyrie by the United States, and WZ-7 Soaring Dragon by China.
Read: Saudi and Emirati Pivot to Russia and China: Shift of Axis or Extreme Hedging?China and GCC are inevitable partners in commerce.
“Today, the Russian army used Iranian drones for attacking the Dnipropetrovsk region and Odesa,” Zelenskyy stated in a late-night video address.
Also, the rapprochement is a result of Russian pressure rather than Ankara’s and Damascus’s wills.
However, these limitations are approached with suspicion due to the COVID19 pandemic and the food insecurity that emerged following the Russia-Ukraine War.
Recently, Chatham House removed the name of Russian-Turkmen ex-banker Dmitry Leus, a Conservative Party donor, from the “The UK’s Kleptocracy Problem” report after a “threatened legal action for libel.
Thus, a non-Russian gas option will be born in the region.
With the shifting global balance and Russia’s invasion of Ukraine, the United States’ digital doctrine appears to be evolving from being a pioneer in pushing internet openness to tracking constraining digital adversaries, such as Russia and China, and projecting U.
In this context, Saudi Arabia appears to be behaving like Russia, using oil to gain leverage over the West and back Russia, which is losing ground on all fronts.
Read: Report: War in Ukraine Affects the Global Economy and TurkeyThe main problem in the housing sector is the disruption in the supply and demand balance.
The virus might be microscopic, but the pandemic has been a macro-level phenomenon, affecting countries around the world with deaths, medical costs, swelling fiscal deficits, rising inflation, and global economic slowdown—all this only to be worsened by Putin’s war on Ukraine.
Meloni has supported Ukraine during the Russian invasion and stands for the sanctions against Russia in line with Italy's Western allies.
Expectedly, the war in Ukraine and nuclear threats seem to dominate this year’s agenda as Russian President Vladimir Putin warns the world that he “is not bluffing” about using nuclear weapons.
The Russia-Ukraine war has deeply affected not only the countries involved, but also the entire global economy and financial markets.