Koon Yew Yin's Blog

Ukraine war should end - Koon Yew Yin

Koon Yew Yin
Publish date: Mon, 29 Aug 2022, 06:33 PM
Koon Yew Yin
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An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.

All materials published here are prepared by Mr. Koon Yew Yin

Russia invaded Ukraine on 24 February. After 6 months of intensive fighting no one can declare the real winner and no one knows when the war will end. As the war drags on, every day both countries are wasting a lot of military weapons to kill people and damage valuable properties which cost a lot of money. Moreover, millions of people are displaced.

As an outsider, it looks so stupid to continue fighting. For mutual benefit or minimize losses, it is far better to talk truce and stop the war.   

Russia’s invasion of Ukraine has caused $108.3 billion in damage to the country’s infrastructure, according to a study from Kyiv School of Economics released the same day Ukraine’s defense ministry estimated the war has left 3.5 million people homeless.

Russia’s war in Ukraine has damaged or destroyed 105,200 cars, 43,700 agricultural machines, 764 kindergartens, 1,991 shops and 634 cultural facilities, according to the researchers at the Kyiv School of Economics, who worked with several Ukrainian ministries to conduct the analysis.

Ukraine’s defense ministry estimated Tuesday the war had damaged at least 140,000 residential buildings, according to the New York Times, while the Kyiv School of Economics estimated 114,700 private homes have been damaged or destroyed.

The war has caused $47.7 billion of damage to apartment buildings and private homes, according to the study.

Damages to transportation infrastructure, including roads and airports, meanwhile, amounted to $31.6 billion.

BIG NUMBER

$185 billion. That’s how much the infrastructure damages would cost to repair, researchers estimated.

TANEGNT

The war in Ukraine has displaced more than 8 million people, the United Nations estimates, with more than 6.5 million people crossing over into neighboring countries including Poland and Moldova since Russia began its invasion in February.

KEY BACKGROUND

As of May, Russia’s invasion of Ukraine had cost the country nearly $600 billion, according to estimates from Ukrainian President Volodymyr Zelensky and a previous study from the Kyiv School of Economics. Russian missile strikes have targeted and destroyed tons of Ukrainian infrastructure including railways, apartment buildings and hospitals. Both the U.S. and Ukraine’s European allies have offered billions of dollars in aid to the country since the war began.

The Biden administration announced it will send another $550 million in military assistance to Ukraine, putting total U.S. aid at over $7 billion. Earlier this month, Ukraine’s Prime Minister Denys Shmyhal unveiled a $750 billion recovery plan to rebuild the country after the war ends, a project Zelensky urged the international community to participate in.

How many Ukraine soldiers have died in Ukraine 2022 war?

UN says 5,587 civilians have been killed and 7,890 wounded during the Russian attack on Ukraine, although the estimate is likely hugely conservative.

The Office of the United Nations High Commissioner for Human Rights (OHCHR) verified a total of 5,587 civilian deaths during Russia's invasion of Ukraine as of August 21, 2022. Of them, 362 were children. Furthermore, 7,890 people were reported to have been injured. However, OHCHR specified that the real numbers could be higher.

Since the war started on 24 February, NATO countries including US have been donating military weapons and money to help Ukraine fight Russia. US is the biggest donor. US has donated a total of over $ 7 billion but the Ukraine recovery plan costs $750 billion. That means US has donated less than 1% of the recovery plan.  

The Ukraine war is affecting global food prices.  

Russia’s invasion of Ukraine is raising food prices across the world. Developing and emerging economies are being hit hardest due to their reliance on the region for fuel and grain imports. Price hikes in these countries could spur further political turbulence and even violence.

Ukraine is the world’s largest producer of sunflower oil. Combined with Russia, it is responsible for more than half of global exports of vegetable oils. The region also exports over a third (36%) of the world’s wheat.

The war in Ukraine, as well as sanctions against Russia, have resulted in a massive decline in the supply of major staple foods. This has led to a rise in food prices globally.

As an outsider, it looks so stupid to continue fighting. As the war drags on, both countries will continue to lose human lives and damaged properties. For mutual benefit or minimize losses, it is far better to talk truce and end the war.  

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Discussions
1 person likes this. Showing 1 of 1 comments

nicholas99

US won't end it..

2022-08-30 12:03

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