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Russia-Ukraine War Worldwide Impact Huge

Russia-Ukraine War Worldwide Impact Huge

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In-Brief

  • The Russian aggression against Ukraine is going to have a huge and varied impact across the globe. Regardless of how the war ends, the so-called World Order is going to look quite different.
  • Russia’s invasion of the Ukraine has stalled because of the bravery and skills of the Ukrainian military, leaders, and people. They are magnificent.
  • The US and Europe have responded very strongly. The West’s reactions have been and will be political, financial, and economic, and are devastating for Russia and its oligarchs. In the end Putin will lose very badly, but further Western interventions are likely to be necessary to get Putin fully out of Ukraine.
  • The US economy continues to be strong, as is its job market.
  • World inflation will get materially worse because of the war.
  • High inflation is still badly hurting tens of millions of American families.
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