THE ECONOMY IN A WAR
By: JJosephaNews
Reading Time: 1:00 mins.
Twitter: @JJosephaNews
![THE ECONOMY IN A WAR By: JJosephaNews Reading Time: 1:00 mins. Twitter: @JJosephaNews Willemstad, Curacao. March, 22nd 2022. According to the President of the Organization for Import and Distribution of Comestible (BVCA): Mr. Robbin Martina, Curacao's oil prices did rice and according to him people should not fall in the "Hamster Effect", meaning that people panic and purchase things they don't need. Apparently, the rise one of the effect of the war between Russia and Ukraine in Curacao. THE EFFECT OF THE RUSSIA-UKRAINE WAR According to Martina: “Another product that the people need to have an eye on, would be wheat (bread flour), because Ukraine and Russia are great producers and again, there, the production stalled and you could expect an increase in pricing and naturally, everything, that is energy related, like gas, crude oil, which will stay fluctuating but its going in the upper direction (oil price rising). You could say that inflation, in the medium term will continue to increase, unfortunately!” TRANSLATION: [Felicity: 5% - Fidelity: 95% ] WHEN CAN WE EXPECT NORMALCY? Among other things, Martina expressed: “The moment, when the war end, non of us know when that would be, then, still, there would still be some time before the situation normalize.” TRANSLATION: [Felicity: 5% - Fidelity: 95% ] SOME OF THE EFFECTS OF THE RUSSIA-UKRAINE IN EUROPE The United States, together with other Western nations and European countries, has imposed severe sanctions on Russia, which are expected to have a significant economic impact. Russian banks have been barred from using the SWIFT international payment system, and high-tech exports to Russia have been restricted. The ability of Russia to utilize its foreign currency reserves, which it uses to pay for exports, has been severely limited. Following the outbreak of the war, natural gas prices soared by 20%. Inflation is fueled by high gas prices, and Europeans are paying more for heating. As a result of these repercussions, industries that rely on natural gas must reduce production. Together, Russia and Ukraine provide 13% of the world's titanium, which is used to construct airplanes. Palladium is used in automobiles, dental fillings, and telephones, and the two countries supply 30% of the world's supply. OVERALL TRANSLATION: FELICITY:5% / FIDELITY:95% PAPIAMENTU/DUTCH : ENGLISH Fact Check: We strive for accuracy and fairness. If you should read or see something that doesn't look right, Contact Us! To read more from JJosephaNews: Subscribe to Our YouTube Channel Follow us on Twitter Like us on Facebook Stay tuned for more news @JJosephaNews! #russia #moscow #usa #germany #love #instagram #like #turkey #france #travel #follow #ukraine #italy #dubai #instagood #nature #russian #china #fashion #photography #music #india #photo #canada #istanbul #beautiful #japan #europe #america #ukraine #ukrain #ukrainian #ukr #ukrainians #ua #ukrainegirl #insta #ukrainiangirl #blog #ukrainiangirls #ukraina #recommends #vsco #ukrainianblog #art #ukrainki #ukrainestyle #russia #instatag #instagramanet #beauty #ukrainianstyle #ukrainegrams #ukrainianboy #ukrainetoday #instaukraine #ukrainianfashionweek #iphoneography #europeanunion #europe #eu #europa #brexit #germany #scam #europeanparliament #european #covid #ue #europeanelections #unitednations #politics #brexitshambles #elezionieuropee #deutschland #uk #electionseuropeennes #unioneeuropea #iameuropean #ig #cia #cnn #donaldtrump #unitednation #bbc #proeurope #euandme #sintmaarten #sxm #saintmartin #caribb #Curacao #MovementfortheFutureofCuracao #MFK #KorsouEsunMiho #Kem #Gobiernu #Goberno #GilmarPikPisas #MichelangeloLoMartines #GerritSchotte #Parlamentu #Parliament #Nederalnd #Netherlands #COHO #RijkswetCaribischOrgaanvoorHervormingenOntwikkeling #GobiernudiKorsou #CuracaoRegering #GabinetePisas #SintMaarten #Aruba #Bonaire #ABCIslands #DutchCaribbean #KingdomoftheNetherlands #MarkRutte #DenHaag #TheHague ©2022 JJosephaNews. All rights reserved.](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhe6k0ZFs_BzXr9pdDJYxjg0XeGmhAyzk1h6zhp_69lILYF-VBTcgwH6vqMnyehHFxQsMrM0Px-2cyqj9AoSgZeAdUuF-0h64LM8wJVE8AQwSfU13E8coT69KsoNliJjR-1UXiKcHht70_GLF2ExpxXIu71-96Oe5zZKPhxU6Z0yoH8J_IRT8Sru7-N3g/s960/THE%20RUSSIA-UKRAINE%20WAR%20EFFECT.png "THE ECONOMY IN A WAR By: JJosephaNews Reading Time: 1:00 mins. Twitter: @JJosephaNews Willemstad, Curacao. March, 22nd 2022. According to the President of the Organization for Import and Distribution of Comestible (BVCA): Mr. Robbin Martina, Curacao's oil prices did rice and according to him people should not fall in the \"Hamster Effect\", meaning that people panic and purchase things they don't need. Apparently, the rise one of the effect of the war between Russia and Ukraine in Curacao. THE EFFECT OF THE RUSSIA-UKRAINE WAR According to Martina: “Another product that the people need to have an eye on, would be wheat (bread flour), because Ukraine and Russia are great producers and again, there, the production stalled and you could expect an increase in pricing and naturally, everything, that is energy related, like gas, crude oil, which will stay fluctuating but its going in the upper direction (oil price rising). You could say that inflation, in the medium term will continue to increase, unfortunately!” TRANSLATION: [Felicity: 5% - Fidelity: 95% ] WHEN CAN WE EXPECT NORMALCY? Among other things, Martina expressed: “The moment, when the war end, non of us know when that would be, then, still, there would still be some time before the situation normalize.” TRANSLATION: [Felicity: 5% - Fidelity: 95% ] SOME OF THE EFFECTS OF THE RUSSIA-UKRAINE IN EUROPE The United States, together with other Western nations and European countries, has imposed severe sanctions on Russia, which are expected to have a significant economic impact. Russian banks have been barred from using the SWIFT international payment system, and high-tech exports to Russia have been restricted. The ability of Russia to utilize its foreign currency reserves, which it uses to pay for exports, has been severely limited. Following the outbreak of the war, natural gas prices soared by 20%. Inflation is fueled by high gas prices, and Europeans are paying more for heating. As a result of these repercussions, industries that rely on natural gas must reduce production. Together, Russia and Ukraine provide 13% of the world's titanium, which is used to construct airplanes. Palladium is used in automobiles, dental fillings, and telephones, and the two countries supply 30% of the world's supply. OVERALL TRANSLATION: FELICITY:5% / FIDELITY:95% PAPIAMENTU/DUTCH : ENGLISH Fact Check: We strive for accuracy and fairness. If you should read or see something that doesn't look right, Contact Us! To read more from JJosephaNews: Subscribe to Our YouTube Channel Follow us on Twitter Like us on Facebook Stay tuned for more news @JJosephaNews! #russia #moscow #usa #germany #love #instagram #like #turkey #france #travel #follow #ukraine #italy #dubai #instagood #nature #russian #china #fashion #photography #music #india #photo #canada #istanbul #beautiful #japan #europe #america #ukraine #ukrain #ukrainian #ukr #ukrainians #ua #ukrainegirl #insta #ukrainiangirl #blog #ukrainiangirls #ukraina #recommends #vsco #ukrainianblog #art #ukrainki #ukrainestyle #russia #instatag #instagramanet #beauty #ukrainianstyle #ukrainegrams #ukrainianboy #ukrainetoday #instaukraine #ukrainianfashionweek #iphoneography #europeanunion #europe #eu #europa #brexit #germany #scam #europeanparliament #european #covid #ue #europeanelections #unitednations #politics #brexitshambles #elezionieuropee #deutschland #uk #electionseuropeennes #unioneeuropea #iameuropean #ig #cia #cnn #donaldtrump #unitednation #bbc #proeurope #euandme #sintmaarten #sxm #saintmartin #caribb #Curacao #MovementfortheFutureofCuracao #MFK #KorsouEsunMiho #Kem #Gobiernu #Goberno #GilmarPikPisas #MichelangeloLoMartines #GerritSchotte #Parlamentu #Parliament #Nederalnd #Netherlands #COHO #RijkswetCaribischOrgaanvoorHervormingenOntwikkeling #GobiernudiKorsou #CuracaoRegering #GabinetePisas #SintMaarten #Aruba #Bonaire #ABCIslands #DutchCaribbean #KingdomoftheNetherlands #MarkRutte #DenHaag #TheHague ©2022 JJosephaNews. All rights reserved.")
Willemstad, Curacao. March, 22nd 2022. According to the President of the Organization for Import and Distribution of Comestible (BVCA): Mr. Robbin Martina, Curacao's oil prices did rice and according to him people should not fall in the "Hamster Effect", meaning that people panic and purchase things they don't need. Apparently, the rise is one of the effect of the war between Russia and Ukraine in Curacao.
THE EFFECT OF THE RUSSIA-UKRAINE WAR
According to Martina: “Another product that the people need to have an eye on, would be wheat (bread flour), because Ukraine and Russia are great producers and again, there, the production stalled and you could expect an increase in pricing and naturally, everything, that is energy related, like gas, crude oil, which will stay fluctuating but its going in the upper direction (oil price rising). You could say that inflation, in the medium term will continue to increase, unfortunately!”
TRANSLATION: [Felicity: 5% - Fidelity: 95% ]
WHEN CAN WE EXPECT NORMALCY?
Among other things, Martina expressed: “The moment, when the war end, non of us know when that would be, then, still, there would still be some time before the situation normalize.”
TRANSLATION: [Felicity: 5% - Fidelity: 95% ]
SOME OF THE EFFECTS OF THE RUSSIA-UKRAINE IN EUROPE
The United States, together with other Western nations and European countries, has imposed severe sanctions on Russia, which are expected to have a significant economic impact. Russian banks have been barred from using the SWIFT international payment system, and high-tech exports to Russia have been restricted. The ability of Russia to utilize its foreign currency reserves, which it uses to pay for exports, has been severely limited.
Following the outbreak of the war, natural gas prices soared by 20%. Inflation is fueled by high gas prices, and Europeans are paying more for heating. As a result of these repercussions, industries that rely on natural gas must reduce production. Together, Russia and Ukraine provide 13% of the world's titanium, which is used to construct airplanes. Palladium is used in automobiles, dental fillings, and telephones, and the two countries supply 30% of the world's supply.
OVERALL TRANSLATION: FELICITY:5% / FIDELITY:95%
PAPIAMENTU/DUTCH : ENGLISH
Fact Check:
We strive for accuracy and fairness. If you should read or see something that doesn't look right, Contact Us!
To read more from JJosephaNews:
Subscribe to Our YouTube Channel
Follow us on Twitter
Like us on Facebook
Stay tuned for more news @JJosephaNews!
#russia #moscow #usa #germany #love #instagram #like #turkey #france #travel #follow #ukraine #italy #dubai #instagood #nature #russian #china #fashion #photography #music #india #photo #canada #istanbul #beautiful #japan #europe #america #ukraine #ukrain #ukrainian #ukr #ukrainians #ua #ukrainegirl #insta #ukrainiangirl #blog #ukrainiangirls #ukraina #recommends #vsco #ukrainianblog #art #ukrainki #ukrainestyle #russia #instatag #instagramanet #beauty #ukrainianstyle #ukrainegrams #ukrainianboy #ukrainetoday #instaukraine #ukrainianfashionweek #iphoneography #europeanunion #europe #eu #europa #brexit #germany #scam #europeanparliament #european #covid #ue #europeanelections #unitednations #politics #brexitshambles #elezionieuropee #deutschland #uk #electionseuropeennes #unioneeuropea #iameuropean #ig #cia #cnn #donaldtrump #unitednation #bbc #proeurope #euandme #sintmaarten #sxm #saintmartin #caribb #Curacao #MovementfortheFutureofCuracao #MFK #KorsouEsunMiho #Kem #Gobiernu #Goberno #GilmarPikPisas #MichelangeloLoMartines #GerritSchotte #Parlamentu #Parliament #Nederalnd #Netherlands #COHO #RijkswetCaribischOrgaanvoorHervormingenOntwikkeling #GobiernudiKorsou #CuracaoRegering #GabinetePisas #SintMaarten #Aruba #Bonaire #ABCIslands #DutchCaribbean #KingdomoftheNetherlands #MarkRutte #DenHaag #TheHague
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