Global energy prices and the supply chain crisis could intensify if Russia steps into Ukraine, experts say. The U.S. administration insists that a Russian invasion of Ukraine is imminent. White House national security advisor Jake Sullivan stated that military action in the region might happen “any day now,” repeating this warning on several morning news shows. Moscow reportedly has as many as 136,000 troops stationed along its border with Ukraine. Western leaders have promised to apply severe economic sanctions on Kremlin officials. But President Vladimir Putin and his Cabinet have been working to skirt these restrictions by enhancing the country’s relationship with the likes of China, recently striking a 30-year deal to supply the world’s second-largest economy with more oil and gas. Moscow could still be shut out of international payment and banking systems, potentially decimating the national economy and destroying the ruble. But market analysts believe there could be …
Russia-Ukraine Conflict Could Intensify Energy, Supply Chain Crisis
February 9, 2022
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