Three years in Russia-Ukraine War, a look where their economies are standing

New Delhi:

Ukraine is entering the fourth year of the all-out war with Russia on Monday, it is uncertain that it can rely in any way on its staunch colleague of the United States for financial and military commitment, because its economy Fight in decline and catching his tired soldiers. Land against incredible enemy advances. The war ordered by Russian President Vladimir Putin has not been kind for Moscow, its economy has shown the first signs of cooling due to inflation.

Ukraine’s President Volodimier Zelansky said on Sunday that he was ready to step down. It meant peace in Ukraine, asking that he could exchange his departure for the entry of Ukraine in NATO. “If (this means) peace for Ukraine. If you really need to quit my position, I am ready,” when asked during a press conference Was ready to leave if it meant to achieve peace.

The President said, “I can exchange it for NATO (membership), if that situation is immediately,” the President said.

Also Read: Rai | Has Trump left Ukraine in favor of Russia?

Change us

Since assuming office for a second term on January 20, US President Donald Trump has insisted on election to be in Ukraine, with Zelansky branded “dictator”, which has an official five years of Ukrainian leader in 2024. There is a clear reference to the tenure of. He has also accused Ukraine of being responsible for the war, which Russia started when he invaded a full scale three years ago.

Zelansky’s criticism of Trump of Trump deteriorated rapidly in relations between the two leaders in recent weeks. Zelansky has opposed the idea of ​​elections during a full -scale war, which is a position supported by his major domestic political opponents.

The Ukrainian President also said that he wanted to see Trump as a partner for Ukraine and only had more than a mediator between Kiev and Moscow. “I really want it to be more than just mediation … it’s not enough,” he explained at a press conference in Kiev.

ALSO READ: Russia kept “the cards” in peace talks with Ukraine: Trump to BBC

However, Trump wants to withdraw money for billions of dollars sent to support Ukraine’s war against Russia. Washington is interacting with Kiev, a mineral resource deal Trump wants his predecessor to Ukraine as compensation of war time.

However, Ukraine, in turn, wants any agreement signed with the United States to incorporate a security guarantee of any agreement with Russia nearly three years of invasion.

Meanwhile, the Trump administration has started a conversation with Moscow to discuss the end of the war in Ukraine after re -establishing diplomatic relations. So far, Kiev is excluded from the conversation.

Also read: “Nobody is excluding Ukraine”: Putin has asked Zelancesi not to be “hysterical”

Economic strains of war on Russia and Ukraine

It was clear from the beginning that Putin’s war in Ukraine would be a global economic disaster. The inflation data released on both sides of the border has shown that the struggle on the citizens of both neighbors continues – 9.5 percent in Russia and 12 percent in Ukraine.

According to the International Monetary Fund (IMF) data, Russia’s GDP (GDP) fell to -1.3 percent at the beginning of the war, but has reached 3.6 percent in each of the last two years. But now the Russian economy is showing the first signs of cooling, with high interest rates and inflation, sales and orders falling in various fields.

“Already depending on the results of November and especially December, we see that development has stopped in many industries … The speed has slowed down in many industries: food industry, chemical industry, wood production and machine Some areas of construction … The amount of orders from businesses is decreasing, “Russia’s economy minister Maxim Racethnikov recently said.

He said that his ministry was working with the Union Bank and the Ministry of Finance to connect the monetary and fiscal policy. “We are looking for a balance between inflation and curbing economic growth,” Reshtnikov was quoted saying.

So far, despite the comprehensive American and European sanctions, Russian factories have continued the components and raw materials required to keep the war machine, according to a report, according to a report, according to a report. Mentor,

According to the report, the influx of funds from illegal sale of oil, and to some extent natural gas, nickel and platinum have allowed the expansion of a state equipment that saw 18 months ago on its knees.

Meanwhile, Ukraine is better as an independent nation as its GDP, which has drowned 36 percent by the summer of 2022, 5.3 percent in 2023 and 3 percent in 2024. However, according to the forecast of Ukraine’s Ministry of economy, GDP development, it is expected to slow down by 2.7 percent this year, which is below 3-4 percent expected by most Ukrainian analysts and economists.

Ukraine is strong on its electricity market and metal deposits. According to the Guardian report, the import of electricity has been halved from 123GWH to 183GWh to last month from January 2024, and exports have increased from 5GWH to 85GWH in the same period.

Given the next 10 years, Ukraine has a treasure of metal deposits, many of them are rare, which some estimate in $ 11TN.

Lack of land

Thousands of Ukrainian citizens died after Russian President Vladimir Putin ordered the attack by land, sea and air and died more than 6 million live as refugees abroad.

Military disadvantages have been frightening, although they closely protect mysteries. Public Western estimates differ widely based on intelligence reports, but most say that hundreds of thousands have been killed or injured on each side.