2. Impact on the global economy and on the
Egyptian economy:
• * Naturally, a conflict like this would jeo-pardise the world economy. Russia is the world's leading exporter of wheat, as well as crude
oil, refined petroleum oils, and coal.
• * Russia and Ukraine exported about a quarter of the world's wheat in 2019. (25.4 percent). In the event of a Russian invasion of
Ukraine, the movement of wheat and grain could be disrupted.
• * Economic sanctions or military action might have a significant impact on food prices as importers seek alternatives.
• * Egypt is just one of many countries whose lives will be profoundly affected. Egypt imports the most wheat in the world. Every year, it
spends almost $4 billion to feed its population of nearly 100 million people. More than 70% of Egypt's imported wheat demand is met
by Russia and Ukraine combined. As a result, if Russia invaded Ukraine, wheat shipments, which are the world's primary food supply,
would be severely disrupted. Wheat-dependent countries would be in serious financial trouble if wheat became scarce and
expensive.
• * Gold and oil are two other key resources that could be significantly altered. Following Russia's plans, oil prices rose above $96 per
barrel, the highest level since 2014, as investors worried about access to Russian crude oil. The price of gold jumped greatly
• * An open attack by Russian forces may result in massive price increases in gasoline and food, stoke inflation fears, and frighten
investors, putting global economic development at risk. ussia is a worldwide powerhouse and a significant supplier of the oil, gas, and
raw materials needed to keep the world's factories running. As a result, a battle like this would surely throw the global economy into
chaos and have a huge impact on commodity prices.
3. Who would benefit the most from this war in
Ukraine ?
• * The United States of America, I believe, would profit the most, given they have
accomplished so much without firing a single bullet or losing a single life.
• * The United States has declared that it will purchase the F-35 fighter jet. If you
look at the stock prices of American defence companies, you'll notice that they've
nearly doubled in value. As a result, the war industries would undoubtedly
flourish not just in America but also in Europe
• * Russian energy exports will be a major concern because Russia owns a quarter
of the world's gas reserves and ranks sixth in terms of oil reserves. They won't be
able to employ these energy exports if sanctions are imposed so America will
become the net energy exporter which will of course benefit the American
economy greatly
