The Russian attack on Ukraine has caused so many lives to be lost in the past few weeks of war between these two nations. There have been many attempts by the Ukrainian government to evacuate its citizens from the country, some evacuations have been successful, others were hijacked by the Russian army and nullified the evacuation process.
There have also been talks by leaders of many countries with Putin to order the reverse of his military invasion into Ukraine but the talks seem to fall on deaf ears.
As the saying goes; “if persuasion fails, force must be applied” came into the scene when countries started to put various sanctions on Russia’s alliance, its people in other countries and deals held by top Russian personalities. This stubbornness of Putin has brought so much damage to top businessmen in the world. Roman Abramovic, the owner of Chelsea Football Club in London, has been forced to sell the club to another investor in the coming days, as he’s known to be Russian and also a very good friend and ally of Putin and there are rumours that he might have a hand in the invasion and that is why he’s not commented about his displeasure with Putin’s decisions.
The recent decision of Germany to sanction Russia by placing an embargo on Nord Stream 2, a pipeline that joins Germany and Russia for the supply of gas has also called for the retaliation of Putin’s government. Russia has also threatened to cut its gas supply to Germany because of its action on Nord Stream 2.
Per statistics, about 40% of gas and 30% of the oil that is gotten by the EU is from Russia and that will be a very big blow to the EU.
Should Russia cease its supply to them? Russia is said to be the second-largest producer of gas and is placed third among nations that export oil therefore if they are to go on with their threat, the whole of EU is going to suffer, as there will not be enough supply from Russia and for those that do not depend on Russia so much are going to suffer in diverse ways, as the world market for oil and gas will be in excess demand for the products.
Report by: Francis, KNUST OBUASI