The eyes of the world are now on Russia's aggression on Ukraine. Ukraine's desire to join the European Union and NATO was the basis of the Russian invasion, but Ukraine could not become a member of either NATO or the European Union. In the current situation, the world is divided into two groups. The first group includes China, Russia and Pakistan and their allies, while the second group includes the United States, Israel, India and their allies.
Countries around the United States, China, Japan, the Philippines, Taiwan, Hong Kong, South Korea, Vietnam, Malaysia, Indonesia, Brunei and Australia have been somewhat successful in provoking China, while European countries do not want war with Russia because Russia is the largest supplier of gas to Europe. In the current scenario, China has removed Iran from Indian influence.
The decision of the Arab countries in this regard is still pending. China has offered Saudi Arabia and other countries to trade oil in their own currencies instead of in dollars, which would be a big blow to the US dollar. Saudi Arabia could buy oil from Iran and Russia instead of Saudi Arabia if it remained pro-US instead of joining the Chinese bloc.
China buys 40 40 billion worth of oil annually from Saudi Arabia, while Iran is willing to supply the oil to China at half price. The head of the IMF has predicted a negative impact on the global economy from the Russia-Ukraine conflict. Oil prices have risen to 120 120 a barrel.
Russia's stock market has fallen by 40% while global stock markets including Pakistan have also crashed. Gold and the dollar have risen to record highs. International bond prices have fallen by more than 10% and the 100 100 Pakistani bond has fallen to 75 75.
Pakistan's fuel import bill has already risen to unbearable levels due to rising oil prices, the country can not afford further increase. The United States and Europe have imposed economic sanctions on Russia. All flights from Russia to Europe and the United States have been canceled, the Russian currency ruble has depreciated by 10%. All Russian assets and funds in European and American banks have been frozen.
Russia and Ukraine produce 40% of the world's wheat, making Ukraine the world's third-largest wheat exporter. Disruption in wheat and gas supplies will lead to food security and other economic problems. About 4,000 Pakistani students were studying in medical and other fields, most of whom have been repatriated on emergency basis.
The United States is said to have more friends than its enemies, while China carries its friends with it. Israel will try not to jump into the war itself, but to defeat China through the United States, India, and its allies, which was the policy of the United States in World War I when Russia, Britain, France vs. Germany, Austria, Hungary, and the Ottoman Empire.
The United States made money by selling arms to both sides for the first three years, and the last year, when Russia withdrew from the war after the revolution and both sides were weakened by a long battle, the United States won the war. Israel will now have the same policy.
Ukraine is a country in Eastern Europe with 85% Christians, 2% Muslims and people of other faiths. Among the states gaining independence from Russia, Ukraine is the second largest country in terms of area after Kazakhstan with an area of 603548 sq km. Ukraine is bordered by Poland, Slovakia and Hungary to the west, Romania and Moldova to the south.
With a population of 41.2 million, Ukraine is the eighth most populous country in Europe with a per capita income of 31 3,100. Ukraine was part of Russia from 1920 to 1991, but on August 24, 1991, Ukraine declared full independence from Russia. Ukraine has no defense compared to Russia. The United States and Europe are not coming to the aid of Ukraine in practice, in which case Russia can occupy Ukraine and impose its own government.
Pakistan needs to expand its ties with the United States and Europe through China-Russia Economic Corridor, Gas Pipeline and Steel Mill projects in the region.
During a three-hour meeting with Russian President Putin in Moscow during the Russian invasion of Pakistan, the prime minister discussed energy, trade, Afghanistan's regional situation and Islamophobia, among other important issues. National Security Adviser Moeed Yousuf cancels visit to UK
The European Union (EU) has demanded that Pakistan condemn the Russian attack on Ukraine, while the FATF has placed Pakistan on a gray list for failing to stop terrorist financing despite fulfilling 26 of the 27 conditions. In the near future, the swords of GSP Plus, IMF and FATF will continue to hang over Pakistan.
Pakistan should remain neutral in the Russia-Ukraine conflict without compromising its relations with the US and Europe, which would be a reflection of our successful foreign policy, because in the current critical economic situation, Pakistan cannot tolerate the anger and opposition of US and Europe.
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