Russian Ukraine War- Effect on Europe

                                                                       America has imposed economic sanctions on Russia after it invaded Ukraine. 'NATO' means all significant countries of Europe also joined with America and imposed sanctions in order to support Ukraine. However, in the process, the European economy is suffering as Russia is supplying them with energy i.e. Gas and Petrol. Russian supply of energy is stopped or reduced and due to that inflation is rising all over Europe.

                                                                       The people of Europe are on the street protesting against high prices, unemployment, etc. There is political turmoil in Britain where PM has to resign due to Economical crisis. Besides that, it is expected that Europe is going to shiver due to a lack of energy in the cold seasons to come. Hence the US proxy war with Russia has put Europe in a very tight economic position.

                                                                        The Industrial country Germany is suffering the worse due to the economic crisis thereon. The prices have inflated 10 times more than what they were two years ago. The manufacturing production has declined 2.5% and it may decline further next year.  It is reported that many companies are going bankrupt and insolvent. Some of the industries may be moved from Germany. Even retail trade is also very badly suffering. Hence there is a sentiment developing among Germans that more importance has to be given to national interest in order to stop the national economic decline. 

                                                                    It was also observed that so many European countries continued to buy petrol and gas from Russia even after imposing economic sanctions on it. It may be because of national interest.

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