News: Russia’s invasion of Ukraine and possible sanctions by the US will impact India adversely.
What are the probable adverse impacts on other countries?
Implications for Europe: If the US supports Ukrainian resistance groups, Europe will see a conflict that can drag out for months, or more, with all kinds of possible consequences.
Implications for the US: The Ukrainian crisis has again shown the limitations of the world’s most powerful country, the US, whose reputation had already taken a hit following its chaotic withdrawal from Afghanistan.
Implications for India
India’s foreign Diplomacy is at a crossroads: India’s relationship with the US-led West is more important than ever before, both diplomatically and trade and investment-wise. Now, India might require a recalibration of its current diplomatic stance related to the Ukrainian crisis.
Impact on Indian Economy: Owing to Sanctions on Russia, the rupee will weaken and the global capital’s flight to safety may hit already affected India’s stock markets even more.
Read more here: https://forumias.com/blog/flashpoint-ukraine/
Source: This post is based on the article “The Russia effect: Putin’s invasion of Ukraine has bleak implications diplomatically & economically. India won’t escape them” published in ToI on 25th Feb 2022.
Discover more from Free UPSC IAS Preparation Syllabus and Materials For Aspirants
Subscribe to get the latest posts sent to your email.
