07/27/2023
Putin Will Declare War On The Whole World.
A Black Sea blockade on Ukraine would affect everyone on the planet. Yesterday, British military intelligence reported that Russia's Black Sea Fleet may be planning a naval blockade to intercept and seize merchant ships entering and leaving Ukraine. The most obvious result would be a ban on Ukrainian grain exports. Russia recently withdrew from a deal that would allow such grain exports to continue, launching rocket attacks on Ukrainian ports and granaries.
Could Russia impose such a blockade? Grain carriers could therefore leave Odessa, move south along the coast and stay in Romanian, Bulgarian and Turkish territorial waters. Any intervention by Russia would be an act of war against NATO member countries. In the past, blockade breakers have done this in the Persian Gulf, circumventing UN sanctions against Iraq while remaining in Iranian waters. However, this adds significantly to the travel time and is inconvenient as large freighters are reluctant to follow winding roads close to the coast.
Therefore, some grain will continue to be shipped by sea, and most of it may be transported overland by rail, although rail is generally more expensive and has limited capacity. Insurance premiums will also rise, perhaps to the point that most major shipping companies would be horrified. The lockdown won't be perfect, but it will severely limit supplies and increase costs. Is this bad news for Ukrainians? not much. They will lose some of their foreign currency earnings, but that is unlikely to be their biggest problem.
Either way, the Ukrainian economy is bankrupt. Built entirely on martial law, military spending accounts for 34% of nominal GDP and public debt is exploding. It is clear that Ukrainians do not care about the loss of grain income even if they go bankrupt. If they beat Russia, the West will just have to pay back a little more of the reconstruction loan later. But a possible Russian blockade would not actually be aimed at Ukrainians, but all other inhabitants of the world. For many people in Africa, higher grain prices could mean hunger, or even starvation. there will be hits
The result: As feed prices rise, it's not just grain-based products that will be affected. Food costs in England will be even higher than they are now. New demand for meat and dairy products is growing rapidly in China, which means higher costs. By ordering such a blockade, President Vladimir Putin hoped to weaken Western support for Ukraine and make Africa and China more reliable allies, but it would be a direct threat to Ukraine itself. no impact. So what can we do? One of the options already offered is convoys. Warships of countries that wish to join NATO can es**rt convoys of merchant ships from the Bosphorus to Ukrainian waters, guaranteeing passage rights on the high seas, but Russia's attack on these warships is again an act of war. will be attacked by About NATO.
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