Since the war between Russia and Ukraine, the United States has made more western financial sanctions against Russia. A series of financial sanctions may profoundly change the global capital flows and asset allocation structure, such as global debts more decentralized structure, accelerate the international capital flow from Wall Street to other international financial center, etc. In this situation, the global cross-border capital flows in the traditional to the dollar, the euro as the main body, on the basis of forming a diversified currency circulation, foreign financial assets will flow to the more trustworthy region or back up. It's conflict between Russia and Ukraine's influence on the world economy cannot be ignored.
Fertilizer supply
Russia is the world's biggest exporter, chemical fertilizer export Russia fertilizers limited because the U.S. sanctions, and lead to global fertilizer prices. Another British goods institute (CRU), according to data from ammonia, hydrogen, nitrate, phosphate, potash and sulfate fertilizer market of raw materials, such as the price of the ending March 2022 has risen 30%, more than 2008 years of gains in food and energy crisis.
Fertilizers and the cost of main agricultural products to levitate, may cause a chain reaction in the whole world, such as agricultural production greatly reduce and cause the global food crisis.
Global food supply shortages
Ukraine war's influence on the world economy, will inevitably bring significant risks to food supply. This is mainly embodied in two aspects. One is to reduce grain production capacity. Russia and Ukraine is the world's largest and the fifth largest wheat exporter.
After the outbreak of war, Ukraine to harvest the wheat, and the conflict just planting corn and sunflower fertilization. Second, trade circulation, increase food inflation. Affected by war and sanctions, food exports to Ukraine, obstructed, lead to rising food prices around the world. For some countries rely on food supplies to Ukraine for a long time, it is undoubtedly a disaster.
Global industrial chain in short supply
Ukraine war's influence on the world economy, also in the relevant industry chain now. Main show is raw materials outages, shortage of spare parts, logistics jams, etc. The affected including chip industry, automobile industry, the apparel industry, etc.
In Ukraine, according to incomplete statistics, at least 38 car factory has been closed temporarily, lead to mercedes-benz, Volkswagen, BMW and so on many famous automobile manufacturers announced production cuts or suspend production. Ukraine or production indispensable metal semiconductor chip and a key source of special gases, exacerbated by the global core shortage crisis.
Post time: Sep-12-2022