Ever since Russian forces decided to invade the sovereign independent country of Ukraine on February 24, 2022, they have seen economic and military retaliation in a way the Kremlin would’ve never predicted. The Russian Federation has been well underprepared in numerous categories which is why they still haven’t been able to conquer Ukraine’s major cities. They will fail in this war because of 3 major factors at play, the first being Ukraine’s unexpected military might, the second is the global response by Western nations and the rest of the world, and lastly, the Russian economy is almost at an all-time low.
According to many experts, Ukraine has been preparing for an invasion by the Russian Federation since 2014, when they lost Crimea. Ukraine has since conducted 6 military drafts which have allowed them to train and have their citizens at least somewhat prepared for military action. Since then over 400,000 Ukrainians have seen military combat training. Russian forces have been totally unprepared, as they have seen major military losses. Since Russian media is controlled and checked by the Kremlin, we can say that Russian troop losses are up to about 9,000, according to Ukrainian media. This is due to the fact that President Vladimir Zelenskyy has labeled this war not against the Ukrainian government, but against the Ukrainian people.
The majority of the world has sided with Ukraine. Most recently the United Nations General Assembly on March 2, predominantly held a vote to criticize Russia for attacking Ukraine and requested that Moscow stop the war and pull out its army, an activity that plans to strategically separate Russia at the world stage. The resolution was voted for by 141 of the assembly’s 193 members, with 5 members including Russia voting against it, and 35 member states abstaining.
The West has also retaliated against Russia by implementing severe sanctions. The US and European nations have restricted Russia’s capability to execute in foreign monetary standards like the Dollar and Euro. Multiple assets of Russian banks have been frozen, and they have been banned from SWIFT, which is a system used to transmit information globally by banks.
With these sanctions and with the war still underway, the Russian economy has almost tanked. The Russian Ruble has lost almost 30% of its value, and it doesn’t look to be recovering any time soon. With the sanctions in place, experts predict that the once Russian economy that was seen to grow 2% is now set to decline by 7%. Sanctions imposed against Russia will have severe consequences that will especially impact the 145 million people living there.
This blog post is part of the CIMA Law Group Blog. If you are in need of legal help, the CIMA Law Group is a law firm in Phoenix, Arizona which possesses expertise in Immigration Law, Criminal Defense, Personal Injury, and Government Relations.
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