A New York Times Report
The Russian war in Ukraine has been one of the biggest international scandals in recent years, and President Vladimir Putin is facing more criticism and sanctions than ever before. Despite his country’s longstanding relationships with Saudi Arabia and China, its economy is suffering, and its inner circle no longer sees him as the guarantor of stability, says a new report from the New York Times.
Russia’s annexation of parts of Ukraine
After months of a brutal war, Russian President Vladimir Putin has announced that he has unilaterally annexed four Ukrainian regions. It is the largest forcible annexation of territory in Europe since World War Two.
The United Nations has adopted a resolution to condemn Russia for its illegal actions. It called on Russia to reverse its annexation declaration.
Putin has vowed to defend Russia’s territory with all available means. He has also threatened to use nuclear weapons if necessary. His hegemonic ambitions have prompted other nations to react with force against Russia.
While the world must be vigilant against any danger, the most important issue is to understand the real cause of the conflict. There is no place for imperialism in the 21st century.
Russia’s enduring partnerships with China and Saudi Arabia
In recent years, Russia’s enduring partnerships with China and Saudi Arabia have become a focal point of attention. While the relationship has improved despite several possible pitfalls, it remains unclear if it will continue.
Russia’s rapprochement with Beijing has accelerated dramatically under President Vladimir Putin. He has pursued ever closer ties with the world’s largest economy, a feat that was made easier when Beijing’s authoritarian regime has no need to push for change within the country.
Putin’s embrace of China has helped him achieve some of his most important strategic objectives. It has also allowed him to avoid the Western demands that might threaten his political order.
Russia’s industry is hamstrung by sanctions.
The repercussions of Western sanctions are still felt in Russia’s economy. After the invasion of Ukraine, Moscow’s exports of crude oil to Western countries fell by 2.2 million barrels per day. In the meantime, Moscow has diversified its fossil fuel exports to Asia.
The EU has imposed sanctions that have disrupted global commodities markets. The price of natural gas in Europe has risen to a record high of EUR 345 per megawatt-hour.
Oil and natural gas sales account for about half of the government’s budget. However, Moscow has been cutting off most of its natural gas flows to Europe.
In response, the European Union (EU) has capped the price of Russian oil. As a result, Russia has been forced to reduce oil production.
Russia’s inner circle no longer sees Putin as the “guarantor of their stability.”
Russia’s inner circle no longer views Vladimir Putin as their savior. Indeed, they can no longer ignore the fact that the country is engulfed in a war that resembles WWII. Despite the fact that NATO is helping the Ukrainians claw their way back to a semblance of order, it seems as if Putin is still out to conquer the country.
There’s been no shortage of rumors circling around Russia’s most illustrious leader. Among them is a palace-sized underground complex in the small Russian town of Gelendzhik. The swanky new place boasts 16 stories and a vineyard. It’s a fine-looking specimen, but it also has a hefty price tag.
Russia’s view on the economy
The war in Ukraine has pushed the Russian economy into reverse. While Russia had the capacity to grow by 3 percent, the country’s GDP has fallen by 1 percent.
There are many reasons for the decline in Russia’s economic performance. For instance, the Russian military has suffered significant losses. It has lost hundreds of thousands of personnel.
Russia has also faced a realistic threat of famine. As a result, the country will face a real reduction in the volume of its imports. In addition, the European Union has moved to end trade with Russia, and the United States has placed sanctions on Russia.
Russia’s actions have sparked international outrage.
The escalation of military action between Russia and Ukraine has sparked international outrage. The United States, Europe, and Israel are among the countries that have condemned Russia’s actions.
The EU has responded by imposing a broad array of sanctions against Russia. These have stifled Russia’s economy. Many of these measures target wealthy individuals and entities. In addition, some governments have blacklisted Russia’s central bank and banned some Russian banks from using SWIFT.
Since the Russian invasion, millions of Ukrainians have fled the country. Thousands of civilians have been killed. As many as five million people have been internally displaced.
A large-scale buildup of Russian troops along the border with Ukraine was the first step in the conflict. Two hundred thousand troops reportedly crossed into Ukrainian territory from three directions. This was followed by a counter-offensive by the Ukrainian government, which reclaimed thousands of square miles of territory from Kharkiv and Kherson regions.