Russia's announcement..!? World nations greatly relieved..!?

Amid the conflict between ukraine and russia, many countries in the world are imposing various sanctions on Russia. But are the world sanctions against Russia? The question has arisen whether russia imposes sanctions on the countries of the world. While many Western countries are making plans to isolate russia economically, Russian President Putin is turning them into No Balls one by one. For example, initially, they said they should ban buying oil from Russia. But russia is making up for the lost market by selling oil at discounted prices. Due to this discount offer from russia, now many countries are showing interest in buying oil from Russia. In this way, russia, which turns every obstacle into a stepping stone to success, is giving an appropriate response to every action of Western countries, indirectly and directly. The truth is that other countries are beginning to see a downward spiral in trying to freeze russia altogether.Because the world is witnessing slow development today due to the Russia-Ukraine problem. The world's leading economies are on the brink of recession. Inflation has reached its worst peak due to problems in the supply chain. Inflation is running rampant today in the countries that were supposed to give russia trouble as a whole. They are forced to keep increasing the interest rate to control it. There is a fear of how long this will last. Meanwhile, russia seems to be gearing up for a new incarnation. It also announced Russia's withdrawal from the UN-brokered Black sea Treaty. It is a little scary to think how big a crisis the countries of the world will face due to this because this plan has been a boon to reduce global food prices. Because exports from the Black sea region, known for its wheat and other grain production, were affected by Russia's attack on Ukraine. This caused great difficulty in transporting grain from Ukrainian ports.As a result, thousands of tons of grain were stranded in the Black sea region. As a result, global grain prices rose to their worst level in many years. Meanwhile, a UN deal last July led to the easing of the Russian blockade. Reopened three major Ukrainian ports for exports. russia and ukraine signed the UN-backed Black sea Grain Agreement in turkey last July. As a result, maize, wheat, sunflower products, barley, rapeseed, and soya have been exported again. Due to this, the skyrocketing prices have come under control to some extent.Russia has pulled out of the Black sea grain deal as russia blames ukraine for drone strikes. This move by russia could again cause the grain to stagnate in the Black sea region. Due to this, there is a fear that inflation may peak at the international level. Not only that, it is expected to lead to a food crisis in parts of the Middle east and Africa. Therefore, it is feared that this decision of russia may have a very bad impact on the countries of the world. Ukraine exports grain to some African and Asian countries. As prices have come under control to some extent now, this is expected to further push prices. The Russian side cannot guarantee the safety of cargo ships in the Black sea region and has announced that it is suspending the implementation of the agreement indefinitely. Russia's move could impact food and fertilizer exports to the rest of the world. All the countries of the world can be affected by this. Therefore, the implementation of this agreement is very necessary.With russia backing out of the deal, international food prices may rise again. Inflation may rise again in countries including India. Inflation will increase in other countries like India. In total, many countries have already increased the interest rate more than once, so what will happen next? The fear prevailed. Meanwhile, russia has announced that it will rejoin the Black sea Treaty. This has caused great comfort among the nations of the world. This will help keep prices under control. This may help reduce inflation.
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russia's announcement

Sowmiya Sriram

03/11/2022 02:06 PM