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News: Russia deployed its troops near Ukraine’s borders. This has raised several concerns about what steps will the world countries adapt if the situation gets worse.
| Read here: Russia – Ukraine crisis | Timeline |
What will be the consequences if Russia invades Ukraine territory?
On Russia: US can impose CAATSA sanctions on Russia and put Russia out of the global SWIFT payments system. This move can have a great impact on the already declining Russian economy.
On the world: Russia can do damage on a large scale even without invasion. It took out Ukraine’s power grid in 2015, and a massive cyberattack recently. These attacks could also spread to other countries. Russia can cut off submarine internet cables, which can disturb global communication. There’s also the impact of a slowdown in wheat and other grain exports from Ukraine, Russia.
What will be the impact on other countries
US: By imposing sanctions on Russis, the USA is using Ukraine as an example to warn China against playing games in Taiwan. It also wants to remain Europe’s premier security guarantor. But, the US should also be cautious of sanctions so that it will not raise oil prices.
India: If Russia attacks Ukraine, India will be in a tough spot. Its energy investments in Russia can suffer, and it will become hard for India to make a case for a CAATSA waiver.
| Read here: Explained: What are India’s stakes in its ties with Ukraine and Russia? |
Source: This post is based on the article “Kyiv, The World & Us” published in The Times of India on 23rd February 2022.
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