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The Ukraine crisis may well threaten post-pandemic recovery. It was the big moneymakers who affirmed this at the opening of the meeting of finance ministers and central bank governors of the G20 in Indonesia.
For Indonesian President Joko Widodo, host of this G20 Finance, a conflict in Ukraine might threaten global economic recovery. He called on the G20 countries, which includes Russia, the United States and China, to synergy and collaboration to help with economic recovery. ” All parties must end rivalries and tensions “, he insisted.
Sanctions once morest Russia in the event of an invasion of Ukraine would have global repercussions “, also estimated the American Secretary of the Treasury, Janet Yellen.
While the stock markets are unscrewing once more, the price of gasoline and gas might be impacted by the situation in Ukraine, and increase in the event of sanctions once morest Moscow, making the share of energy weigh a little more on the government’s power. purchasing by households, the Netherlands and Germany being the countries most dependent on Russian hydrocarbons.
► Read also: Ukrainian crisis: “A movement of troops does not mean a withdrawal”
Impact on the French automotive, chemical and cosmetic industries
Consequences which might also be visible on European manufactured products, as well as agricultural products imported by Russia. The share of European imports in Russia is 35.5%: they come mainly from Germany, Italy and France. The French companies that might be concerned are in particular from the automotive, chemical and cosmetic industries.
Possible sanctions from Europe might push Moscow to turn to other countries, such as China, countries which already accounted for more than 20% of Russian imports in 2020.
► Read also: Ukrainian crisis: the imminent Russian invasion, according to Washington, despite Moscow’s denials
