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[size=38]Baghdad Trade Reveals The Impact Of The Russian-Ukrainian War On The Economy
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LAST UPDATE 02/24/2022 | 1:12 PM
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On Thursday, the Baghdad Chamber of Commerce revealed the impact of the Russian-Ukrainian war on the Iraqi economy.
Chamber member Rashid Al-Saadi said in a statement to Al-Maalouma that "Russia and Ukraine are considered one of the most important warehouses for the global trade of wheat, oils and oil, and they have a close relationship and important trade exchange with Iraq," noting that "the Russian-Ukrainian war will raise oil prices, thus leading to a rise in oil prices." Prices of imported materials.
He added that "there is no specific percentage of the impact of the Russian war on the Iraqi economy, but the impact is significant with the volume of imported materials and trade exchange between the two countries."
He pointed out that "global events are closely related to the Iraqi economy, and the Russian-Ukrainian war will lead to a rise in the prices of raw materials in the local markets as a result of the rise in oil prices."
And he indicated that “all global events are closely related to the Iraqi economy, and oil is directly affected by these events that would raise oil prices to fantastic numbers.” Ended 25 and
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