The war in and the sanctions on and have shaken global markets and will have. An impact on the world economy. The india phone number list impact on countries, especially eastern europe, including, will be greater. The main channels of influence on the economy will be through higher. Commodity india phone number list prices, a weakening of sentiment and declining trade with. High inflation and nervousness will reduce people's purchasing power and willingness to spend. High production costs, new supply chain tensions and the need to look for new sources of raw materials will. Exports to bela markets will severely limit export performance.
This will lead to a. Significant slowdown in economic growth in 2022 and possibly 2023.Companies have to india phone number list reckon with. Higher production costs although is the largest country in the india phone number list world by area, it is only the 11th. Largest economy in the world and accounts for only 2-3% of the world's gross domestic product. Russia's role in total world trade is also small. In 2020, accounted for less than 2% of world. Merchandise exports and its destination was about 1.4% of world merchandise imports. The shares of. Belarus even smaller. However, in some cases.
The production and export of various raw materials. Russia alone supplies about a sixth of the. World's raw materials. It is one of the india phone number list largest exporters of oil and oil products, coal and natural gas. It supplies about 35% of gas and less than 20% of its oil.Russia also plays an important role in. The india phone number list market for various metals. Russia produces more than 40% of the world's palladium, which is used. In car construction. It is also a significant producer / producer of metals such as nickel, aluminum, iron. Ore and steel and accounts for about 6-10% of the world's supply of these metals.