Five months into the war: Unprecedented sanctions on Russia cut both ways | Business Standard Column

2022-07-23 05:16:09 By : Mr. JACK FU

Topics Russia Ukraine Conflict | Weekend Ruminations | Global economy

T N Ninan  Last Updated at July 22, 2022 22:25 IST

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Ukraine looms large on a map. It is the biggest country in Europe (not counting Russia), at about a fifth of India in terms of geographical spread. But such size is often deceptive. Its GDP is (or was) only one-twentieth India’s. And its population is only twice that of Sri Lanka. This is not a country that should be taking on a former superpower like Russia, however diminished. That it has survived five months of an increasingly brutal war, ceding some territory while fighting Russia to a near-standstill, is testimony as much to Ukrainians’ fighting spirit and ingenuity as it is to the massive supply of Western armaments.

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