The Russian-Ukrainian war has caused both Russia and Ukraine to suffer, and the global economy has also been dealt a heavy blow. However, some countries have benefited more than others from the war. Mike Sun, a North American investment strategist and China expert, stated that resource-based economies, such as Canada and Australia, have benefited relative to other economies from the war, but the United States has benefited the most, while the Chinese Communist Party (CCP) will have more losses than gains over the long term due to increased global isolation. The war has been going on for four weeks. Not only have many cities in Ukraine been devastated by Russian artillery fire, but millions of people have also been displaced from their homes. However, Russia itself is also facing an economic crisis due to the war and NATO-led sanctions, and has turned to the CCP for help. On March 13, …
Russian-Ukraine War Hurts Global Economy, CCP to Lose More In Long Run: Analyst
March 27, 2022
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