Zero Hedge: Majority Of Europeans Unwilling To 'Pay The Price' To Defend 'Democracy' In Ukraine
When Russia invaded Ukraine on February 24, it didn’t take long for the international community to condemn the attack and react accordingly. Within a few days, Western powers imposed strict sanctions on Russia, hoping to cripple the country’s ailing economy and force Putin to retreat. More than four months and tens of thousands of casualties later, hopes of a quick resolution of the conflict have vanished, as a drawn-out war of attrition looks increasingly likely.
However, as Statista's Felix Richter details below, while the sanctions against Russia have thus far failed to deplete Putin’s war chest, their impact is being felt around the world. The embargo of Russian fossil fuels has resulted in sky-high energy prices, while food prices have also surged as a result of the sanctions and Russia’s blockage of Ukrainian grain exports. As both Ukraine and Russia are among the world’s biggest exporters of wheat and other grains, the conflict is threatening food security across the globe, especially in poorer regions that rely on imports from both countries.
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WNU Editor: I am willing to bet that when winter arrives this European unwillingness to "pay the price" to defend "democracy" in Ukraine is only going to increase.
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