The war in Ukraine has been in a partial hiatus for the past two months. But that hiatus is coming to an end as Russia prepares its next move. Today, we're looking ahead to what's coming next.
And here's a hint: We could be entering a very dangerous period.
First off, the situation on the ground in Ukraine is best understood as a competition between the narrative and reality. The narrative consists of what you hear from mainstream media, the White House, the Pentagon, and official sources in the U.K., France, Germany and both EU and NATO headquarters in Brussels. The narrative says that the Armed Forces of Ukraine, AFU, have beaten back Russian forces and reoccupied Kherson, which lies strategically on the Dnipro River, Kyiv's main access to the Black Sea.
Based on these advances, the narrative says that Russia is in retreat, Russian troops are demoralized, Putin is in jeopardy of being replaced and complete victory for Ukraine is just a matter of time. The narrative is then used as a basis for increased financial aid from the United States (over $60 billion and growing) and increased weapons shipments from NATO members.
Narrative vs. Reality
Esta historia es de la edición January 2023 de Indian Economy & Market.
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Esta historia es de la edición January 2023 de Indian Economy & Market.
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