That’s a serious question and deserves serious consideration by investors. A wave of analysts and commentators have warned that the war in Ukraine could spin out of control and escalate into World War III.
One variation on that theme is that the war could escalate into a nuclear war with tactical nuclear weapons deployed. Most point a finger at Russia as the party that will launch a nuclear strike out of desperation at a failing campaign in Ukraine.
The harshest winter since 2008 is contributing to shortages of staple vegetables across Central Asia and sending prices north in a region still suffering from COVID-induced food inflation.
In Uzbekistan, record frosts have highlighted the shortcomings of the national energy system as even residents of the capital spent days on end without power. But the cold has also hammered the agriculture sector in the region’s most populous country.
The decision by the United States and several allies to supply Ukraine with main battle tanks is paving a “direct path” to a full-scale war in Europe, Russia’s deputy envoy to the Organization for Security and Cooperation in Europe (OSCE) warned.
The European Union should move its economy to a wartime footing amid the Ukraine conflict, Manfred Weber, the president of the European People’s Party (EPP), suggested on Thursday. He said that the move is required to ramp up the bloc's own defense potential, and that of Kiev.
Speaking to the newspapers of the Funke media group, Weber called for the reorganization of the EU arms industry. The MEP believes that the bloc needs “a kind of war economy… in order to be able to guarantee stability and security”.
US Under Secretary of State for Political Affairs Victoria Nuland has expressed joy over the destruction of Russia’s Nord Stream 2 gas pipeline. She also argued that, even if the US had sanctioned the infrastructure weeks before the Ukraine conflict broke out, this would not have prevented hostilities.
During a Senate hearing on Thursday, Nuland was asked by Senator Ted Cruz (R-TX) whether his legislation aimed at sanctioning the Nord Stream 2 gas pipeline, which was voted down in January 2022, could have stopped the conflict before it began.
"My feeling is [America] should open [the border] and just let everybody pour in," Louis CK opined over the weekend on Joe Rogan's podcast. "What will really happen? Will they just come with knives and start killing everybody?"
In related news...
Poland to give Ukraine 60 Twardy tanks, Kiev saysMikeRiveroFri, 01/27/2023 - 09:45