While Ukraine battles for its identity and life, Russia’s onslaught on Ukraine does more harm than one can imagine. Its decision to invade Ukraine has resulted in immediate, obvious repercussions from the world community, including harsh sanctions and indirect attempts to persuade Putin into stopping this atrocity.

Russia-Ukraine War: Ukrainian military have stalled Russia’s progress on major cities, at least for the time being, while a Ukrainian team arrived at the Belarusian border on Monday for negotiations with Russian officials, though prospects appeared bleak at best.

Defense ministers from the European Union were also scheduled to meet to discuss how to transfer weapons committed to Ukraine into Ukraine.

Meanwhile, Western sanctions imposed in response to the invasion caused the ruble to collapse, prompting Russians to crowd banks and ATMs.

Russia’s military attack on Ukraine entered its fifth day when Russian President Vladimir Putin boosted the alert level of his nuclear arsenal, heightening tensions even more.

How will America because of the Ukraine Russian war?

First, the crisis has significantly increased US natural gas exports to Europe, which previously purchased more than 40% of its gas from Russia. Russia’s natural gas shipments to the EU were 192.6 billion cubic meters in 2021, accounting for 81% of total exports. The gas was mostly provided by pipeline via Ukraine and the Nord Stream 1, both of which were shut off after the crisis erupted. Furthermore, the Nord Stream 2 arrangement is no longer viable.

In addition to the SWIFT sanctions on select Russian banks, gas supplies to Europe will be drastically reduced, and the United States, which has seen a spike in gas output in recent years, is prepared to fill the void.

Second, the crisis will boost the US currency and attract global financial flows. Without exception, every global crisis that the US has caused or intentionally induced during the last two decades has boosted its currency. Because Europe is no longer secure in the aftermath of the Russia-Ukraine crisis, the dollar’s value will rise, making the United States a financial haven.

Third, the crisis has hampered bilateral commerce between Russia and the EU, Russia’s major commercial partner. As EU states join in sanctioning Russia and certain Russian banks are barred from using the SWIFT system, bilateral commerce will decline considerably, which is precisely what the US needs.

Furthermore, the situation might be extremely beneficial to the American military-industrial complex. As the battle rages on, the United States, Germany, and other NATO countries continue to provide Ukraine with weaponry. More crucially, it has heightened European countries’ concerns about the continent’s security, increasing their reliance on NATO and, eventually, the US.

The disadvantage of the Ukraine-Russian war on America?

Although the US imports very little directly from Russia, a commodities scarcity resulting from the conflict might have knock-on consequences that boost raw material and finished goods prices, at least temporarily, at a time when much of the globe, including the US, is suffering high inflation.

Oil and gas are a big and immediate economic impact of a confrontation in Eastern Europe. Russia produces 10 million barrels of oil per day, or about 10% of world demand, and is Europe’s top natural gas provider, which is used to operate power plants and heat homes and businesses.

Even though the United States imports a little quantity of Russian oil, energy commodity markets are global, meaning that price changes in one area of the world impact how much people pay for energy in other parts of the world.

Also on Monday, the Russian ruble fell by about 30% against the US dollar as Western nations announced plans to prohibit some Russian banks from using the SWIFT international payment system and limit Russia’s use of its huge foreign currency reserves. After rapid action by Russia’s central bank, the ruble recovered some ground.

People concerned about the impact of sanctions on the economy have been queuing for days at banks and ATMs, with social media reports of long lines and machines running out.

Over the weekend, Moscow’s public transportation administration warned people that using Apple Pay, Google Pay, or Samsung Pay to pay fares would be troublesome since card payments in Moscow’s metro, buses, and trams are handled by VTB, one of the Russian banks under sanctions.

According to economists and experts, a rapid depreciation of the ruble would result in a decline in the typical Russian standard of life. Russians continue to rely on a wide range of imported goods, and their costs are set to rise dramatically.

Conclusion

Not only America, due to this short war there is a major economic drop and increase in fuel price affect the global countries. Thousands of lives were lost on both sides during the brief conflict, which left enormous resentment in its aftermath. And, although a democratic Ukraine emerges intact, if not undamaged, its still-dangerous neighbor confronts an unclear future, with Russia’s political landscape at a crossroads. Whether Russia goes toward stronger authoritarianism under Putin or away from him entirely will have a significant impact on how it interacts with the rest of the globe.