The Economic Effects of Russia’s Invasion of Ukraine.

[Zibago]

 

[northeast]

Big lost for european economy. Big gain for china and US economily and politically. Russia might be a winner too if they handles this war quickly. Europe is the biggest loser here,their money will go to US save heaven and they will lose their energy sources from russia,they also have to depend on USA even more for their security.

 

[tower9]

Big lost for european economy. Big gain for china and US economily and politically. Russia might be a winner too if they handles this war quickly. Europe is the biggest loser here,their money will go to US save heaven and they will lose their energy sources from russia,they also have to depend on USA even more for their security.

Yep. Europe was set for a major decline anyways but this will greatly accelerate it.

 

[Indos]

European countries that rely on gas will likely turn to coal again, now we see coal price has reach 223 USD per ton, while in early February Indonesian coal price is set by government at 188 USD per ton for export market.

 

[That Guy]

European countries that rely on gas will likely turn to coal again, now we see coal price has reach 223 USD per ton, while in early February Indonesian coal price is set by government at 188 USD per ton for export market.

I dont know about that. Maybe in the short term, but long term they're moving away from natural gas and towards renewable. This entire war seems to be hastening their path towards renewable.

 

[Indos]

I dont know about that. Maybe in the short term, but long term they're moving away from natural gas and towards renewable. This entire war seems to be hastening their path towards renewable.

Actually I see the world consensus to go renewable is in European interest to be not too dependent on Russia gas and oil. European is the region who are the most vocal advocate of this renewable and green economy.

They have seen Russian factor since day one they want the world moves away from fossil economy that embolden Russian since the year 2000 where energy and commodity prices start to surge