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Ukraine Crisis – What Are Its Global Repurcussions? – Free PDF Download

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Worry for India…!!!

  1. Indian Students in Ukraine
  2. Crude & Gas prices soaring
  3. Agri products – Wheat, Corn, Sunflower Oil, Barley prices will rise
  4. Tea exports from India to Russia hampered
  • 1.India’s refusal to criticise Russia’s actions, and the string of abstentions at UN might affect its relations with the West and Quad partners.
  • 2.Economic sanctions on Russia might  cripple Indo-Russia trade, energy and defence relations.
  • 3.Russia is looking for assistance from China which puts India in a precarious position.

A Bigger worry for all

  • Where is United Nations?
    • Russia’s actions in Ukraine has seen no intervention from UN. Russia is a part of UNSC blocking any action.
    • But if we look closely, Russian actions in Ukraine & lack of international mandate seem no different from the war by the US in Iraq in 2003, Israel’s bombing of Lebanon in 2006 and the Saudi-coalition’s attacks of Yemen in 2015.
    • Perhaps Ukrainian conflict is a bigger blow to the post-World War order.
  • Is UN headed League of nations way?

A Bigger worry for all

Ukraine Crisis – What Are Its Global Repurcussions? – Free PDF Download_7.1

A Bigger worry for all

Ukraine Crisis – What Are Its Global Repurcussions? – Free PDF Download_8.1

A Bigger worry for all

  • Neo Economic Cold War
    • Economic sanctions by the U.S., the U.K. and the European Union (EU) also point to a fragmentation of the global financial order.
    • The obvious fallout of this “economic cancel culture” of West will, without doubt, be a pushback from Russia and an exploration of alternative trading arrangements with countries such as China, India etc.
  • It will be Western Hemisphere v. Eastern Hemisphere financial order.

A Bigger worry for all

  • Isolate rather than negotiate
    • The western objective, to “isolate” Russia, socially and culturally, runs against the global liberal order.
    • Isolation of Russian citizens will work in the favour of an increasingly authoritarian Kremlin rule.
  • Is the world ready to suffer the consequences another Cold War for another half a century?

What to do then?

  • India’s abstention from UN & not taking any sides against big powers might keep it safe in the short term.
  • But in the long run, India should move proactively to uphold, strengthen and reinvent the global order that will make the world a safer place. A start here can be a stronger push for UN reforms.

 
 

 

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