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Biko Konstantinos
Sky News
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Comments by "Biko Konstantinos" (@bikokonstantinos8230) on "Ukraine Crisis: Russia sanctions explained" video.
World sanctions against Russia could possibly strengthen their alliance with China, and this could end up backfiring. With global economies already extremely fragile, Putin's invasion of Ukraine just might send the world economy off a cliff. Inflation is running hot; national debts are at all-time highs; and the stock market and real estate markets are showing signs of bubble type mania. Although Russia/Ukraine are not major trade partners on a global sense, they do export a lot of oil, natural gas and wheat (among others). The major risk in my opinion would be if sanctions/retaliations cause further global shortages which result in higher prices/inflation. If this invasion causes inflation to get even hotter, then central banks may have to get more aggressive raising interest rates - and this could potentially crash the stock market and real estate markets. https://youtu.be/eQCpK7eDoSw
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