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Simply put, trickle down economics.
Take sunflower oil as an example. Ukraine, up til the war, exported roughly 50% of the global supply of sunflower oil. The exports abruptly stopped because of the war which caused manufacturers to have to change their recipes overnight. This caused an almost immediate shortage of other vegetable oils globally. Shortages = higher prices
Disruptions in supply chains can have a ripple effect throughout the global economy. When goods can't be shipped to and from certain countries, it can cause shortages and price hikes for everything from food to gasoline. This can be a particular problem for countries that are not directly involved in the conflict, as they can still be impacted by the fallout.
The implication of a supply chain disruption for everyone is significant. The ripple effect can be felt throughout the global economy as businesses and consumers lose access to critical goods and services. This can cause a decrease in demand, leading to layoffs, price increases, and reduced economic growth
The implication of supply chains disruption for everyone is that it can lead to global economic recession. This is because when there is a disruption in a supply chain, it can cause a ripple effect throughout the global economy as businesses and consumers are unable to get the products they need.
Russia is the main supplier of fuel for Europe and part of Asia, so at the moment of blocking Russia's movements, the world producer par excellence, China, is immediately impacted.
Russia is not only a problematic country, it is also the one that has the power of the largest hydrocarbon reserves on the other side of the world, it is not surprising that everything stops if they stop, many European countries are looking for strategies to have other sources energy right now, and stop depending on Russia.
Well, not only is there a war, but countries like China and Taiwan are also at war, and it should be noted that these two are two of the largest producers in the world in any field, so this break is not unusual.
Hey, but there is not only one war front, the most mediatic one is Russia-Ukraine, but there is another, China-Taiwan, in this China is trying to dominate Taiwan again, the communists are fighting against the world .
There is a war of the communist countries of the world against the free world, but at the same time these communist countries are extremely important countries in their continents, one for the oil part and another for the production sector, that is why everything became Slower.