Population in ukraine 202012/6/2023 Ukraine itself is heavily dependent on nuclear energy, generating roughly half of its overall electricity at its 15 reactors scattered across the country. Some experts predict that consumers may see gas prices rise to more than $4 per gallon. As of Thursday afternoon, oil prices topped $100 a barrel for the first time in more than seven years. Europe relies heavily on its energy needs from Russia, and more than a third of Russia’s gas exports flow through Ukraine. The largest shocks to the worldwide economy will likely be in the gas and oil markets. Prices of the commodity have already spiked, and supply disruptions could lead to increased food insecurity in countries that rely on Ukraine’s exports, such as Libya and Tunisia. Sometimes referred to as the “breadbasket of Europe,” Ukraine is one of the world’s largest exporters of grains. Source: The Atlas of Economic Complexity Note: As of 2019. How could the invasion of Ukraine affect the economy? And there was widespread opposition to a Russian invasion: 58 percent of respondents across the country said they were ready to resist Russian troops, and 37 percent supported an armed insurgency if Russian troops invaded their city or village. Just 11 percent of the survey’s respondents there thought that the country should join Russia and become a single state. (The survey did not include inhabitants of separatist-controlled regions.)īut even in Eastern Ukraine, respondents were protective of the country’s independence. In a survey conducted earlier this month, 21 percent of respondents in Western Ukraine held positive attitudes towards Russia, compared to 53 percent in Eastern Ukraine, which is closer to Russia. Since then, anti-Russian sentiment has remained high, with some regional variation. That changed in 2014, when Russia swiftly invaded and then annexed the Ukrainian peninsula of Crimea. Most Ukrainians had a positive attitude towards Russia in the early 2010s, according to polling from the Kyiv International Institute of Sociology. Source: Kyiv International Institute of Sociology
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