Economic impact of war

Trump’s Venezuela Airspace Closure Sparks War Fears and Hypocrisy Accusations

Trump says airspace above and surrounding Venezuela to be closed in its entirety, and the immediate reaction is a mix of disbelief, anger, and concern. Many are questioning the legality and the motives behind such a drastic move, especially given the historical context of the “America First” rhetoric. There’s a palpable sense of betrayal, with accusations that the former president is abandoning his promises and potentially dragging the country into another protracted and costly conflict. The question on everyone’s mind seems to be: why now, and why Venezuela?

The action is seen as a potential “act of war,” or a prelude to one, under US law, drawing attention to the potential implications of armed conflict.… Continue reading

Russia Warns of War After Airspace Violations, NATO Response Would Trigger Conflict

In a recent radio interview, Russia’s ambassador to France, Alexei Meshkov, stated that downing any Russian aircraft would be considered an act of war, regardless of airspace violations. This statement follows growing accusations from European nations regarding breaches of their airspace by Russian planes and drones. Meshkov also claimed that Russia does not shoot down aircraft that infringe on its airspace and asserted that the West has not provided evidence of the alleged violations, even though such incidents have occurred. These comments come amidst a backdrop of heightened tensions, with examples of similar acts happening in the past.

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Ukraine’s Strikes Erase 4% of Russian GDP: Impact and the Unknown Economic Tipping Point

Ukraine’s GenStaff says its deep strikes have erased 4% of Russia’s GDP this year, and that figure certainly grabs your attention. Four percent might not seem like a colossal figure at first glance, but when you’re talking about the entire economic output of a country, it represents a significant dent, a real punch to the gut. It’s a substantial sum of money, and you have to wonder, just how much damage needs to be inflicted before it becomes truly unsustainable for Russia to keep up the fight?

This brings up the million-dollar question: What percentage point of economic damage would it take to make the war unfeasible for Russia to continue?… Continue reading

Russia Admits War’s Endlessness, Ukraine Vows to Fight On

Russia’s recent warning to Kyiv of an “endless war” during peace talks in Turkey underscores a critical juncture in the ongoing conflict. The implication is clear: Russia believes it can’t win a decisive victory, yet is unwilling or unable to withdraw. This admission, however veiled, reveals a concerning shift in Russia’s strategy.

Instead of aiming for a swift and decisive victory, the stated goal seems to have transitioned to a protracted conflict, seemingly accepting a scenario of indefinite warfare. This is a dramatic departure from the initial narrative of a rapid “special military operation,” and highlights a growing desperation within the Russian leadership.… Continue reading