he current and latest waves of upheaval in international relations and the global order that have been precipitated by the Russian military operations in Ukraine in the latest iteration of the Ukrainian crisis are likely to have significant implications, even if the war is not yet over.
mid escalating tensions between Moscow and the West over Ukraine, Russian President Vladimir Putin paid an official visit to China to finalize the negotiations over a new $80 billion natural gas agreement.
s diplomatic and military tensions increased between Russia and the West in and around Ukraine, European security came to the fore again as the focal point of the debate over the past year.
hirty years ago, in December 1991, the leaders of Belarus, Russia, and Ukraine came together in a Belarusian hunting lodge, Belavezha, and signed the treaties that formally ended the Soviet Union.
he rising tensions between Russia and Ukraine after Moscow’s annexation of Crimea and the occupation of the Donbass region in eastern Ukraine in 2014, were eased in marathon peace negotiations that resulted in a new ceasefire in 2015.
hile the fate of the current military escalation between Russia and Ukraine remains uncertain despite the incidents in the Donbass, diplomatic tensions are on the rise.
However, the reality in which Zelenksy has taken over the leadership of a country on the frontline of the West’s stalemate with Russia following Moscow’s annexation of Crimea and support for pro-Russian forces in eastern Ukraine, is of interest here.
Serhan Afacan interviewed Professor Şener Aktürk and talked about the present international developments with regard to the geopolitical crisis in the Caucasus, Ukraine, and the Middle East.
At a time when the world was struggling with agreeing on measures to tackle climate change, the COVID-19 pandemic and the following outbreak of the Russia-Ukraine War severely impacted global energy markets and supply chains.
The current inflation crisis springs from supply-side shocks - less energy and food supplies - due to the unexpected war in Ukraine, and a spike in aggregate demand due to quick post-COVID19 recovery in many countries.
Read: Food Security, the Russia-Ukraine War, and the Food Corridor AgreementThe major difference between the three countries is that Turkey attempts to preserve its security, while Iran and Russia are expansionist in their long-term agendas.
During a speech on television, Cortizo attributed the economic crisis to issues related to the outbreak of COVID19 pandemic and the Russia-Ukraine war.
On the other hand, the summit succeeded in as far as Turkey, Russia, and Iran kept the diplomacy table afloat in the face of challenges such as the COVID19 pandemic and the Russia-Ukraine war, which tested the international system and proved that international organizations failed.
Amid Western sanctions following Russia’s invasion of Ukraine, Russian President Vladimir Putin signed a five-page decree on June 30, seizing full control of the Sakhalin-2 gas and oil project.
Read: Inflation Soars Globally: A Story of Diverging Interest Rates
The war in Ukraine and the global food crisis
Food prices saw a rise due to the pandemic on account of logistical disruptions affecting supply and a sharp economic recovery that increased demand, themes I covered in an earlier article.