Chaos in Russia can turn big problems for the world economy - CNN

According to experts, if the Russian Federation is even less exporting energy, then China and India will compete with Western countries for supply from other suppliers. After the coronavirus pandemic and the beginning of a full -scale war in Ukraine, the world economy is in a shaky state. It will be difficult for her to cope with a new crisis, such as political and military chaos in Russia. CNN writes about it.

According to journalists, the armed rebellion of the head of PEC "Wagner" Yevgeny Prigogin was stopped, but a serious call for Putin's authorities for 23 years can still lead to a period of riots and changes. According to Professor Yale University and Russia expert Jeffrey Zonnenefeld, in the Kremlin, Russian President Vladimir Putin is now a real chaos.

The publication writes that Russia has already fallen among the 10 largest economies in the world, but it remains one of the largest suppliers of energy to the world markets, even with the sanctions of the West. According to journalists, Rystad Energy analysts say that periods of geopolitical uncertainty in major oil production countries have added 8% to the oil price over the last 35 years.

If the Russian Federation is even less exporting energy, China and India will compete with Western countries for supply from other suppliers. And if political chaos restricts exports of other goods, such as grain or fertilizer, prices for products will fly up. The leading American oil analyst Kpler Matt Smith stated that the military rebellion of Prigogine has made uncertainty that could affect the world economy.

"Such upheavals and uncertainty that we have observed in recent days can push prices upwards, given the potential interruptions with deliveries - and fear of them. These factors have not been considered before the weekend," he said. The publication writes that Russia, when producing just less than 10 million barrels a day, provides about 10% of global demand for raw oil.

And with the total export of oil, almost 8 million barrels per day of the Russian Federation are the second largest state supply. In the ranking of leading OPEC energy energy suppliers, she has a large break from Saudi Arabia. According to journalists, Western sanctions have had a negative effect on the Russian economy, but oil exports have already recovered to the level observed to a full -scale invasion of Ukraine, thanks to the procurement of India and China.