JAKARTA - The Minister of Finance (Menkeu) revealed that the current situation in Eastern Europe between Russia and Ukraine has the potential to have a very significant impact on the lives of all countries in the world. According to the Minister of Finance, one sector that is most likely to be affected is the economic sector. really new,” he said during a virtual discussion with Bloomberg on Wednesday, March 16. The Minister of Finance added that the current relationship between one country and another has made the dependency level increase. He said, cooperation between countries strengthens the existing potential as well as makes the level of vulnerability higher in the event of turmoil. “Globalization brings one of the strongest influences in this conflict. This happens because people do not believe in world supply chains with some uncertainties that come along with military operations or other sanctions that can have an impact,” he said. increase the level of welfare. This situation is triggered by collaborative initiatives that complement each other. “One of the backgrounds that must be understood to understand the global economy is that we have seen that in the previous three or even four decades many countries, especially developing countries, were able to reduce poverty levels and reduce poverty. improve well-being. This all happens because they are connected to the global economy through trade and investment channels,” he explained.

For this reason, the Minister of Finance himself regrets the escalation of tensions in Ukraine which led to the outbreak of the current war. This condition is clearly a negative sentiment for the economy amid efforts by all countries to recover after being hit by a severe crisis due to the COVID-19 pandemic. "With this conflict, the uncertainty that occurs is getting stronger for each country to grow," he said. The issue of the new world order was satirically attached to an association calling itself the Sunda Empire. At that time, the group led by Rangga Sasana caused a stir in the country's public by saying that world conditions needed to be reorganized and that the system used by all countries should be renewed. historical facts that most people believe.


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