The Ukraine War and the Neighbourhood: Economic Perils or Gains?

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The Ukraine War has created a complex scenario in the region. Caught between Russia and the West, the Central, East European and Baltic countries were puzzled in the beginning. Very soon, many of the neighbouring countries of Ukraine had to take a choice under pressing conditions as member of European Union (EU) or as part of a diplomatic blitzkrieg of western powers. Belarus is directly supporting Russia and has formed a joint force since the war begun. Hungary and Serbia maintain neutrality and somewhat independent position.  Recently, both the countries have declared to import oil from Russia through a separate oil route to evade western sanctions. What is striking is that Ukraine’s neighbouring countries, particularly those that are members of the EU are supporting the war in favour of Ukraine and the West.

– Delwar Hossain, Ph.D. is Professor of International Relations, University of Dhaka, Bangladesh and the founder of the KRF Center for Bangladesh and Global Affairs (CBGA).

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