You are here: Home » Opinion » Editorial » Editorials
Endorsement disclosures
icon-arrow-left
Business Standard

Give peace a chance

G20 presidency is an opportunity to lead the initiative

Topics
G20  | Russia Ukraine Conflict

Business Standard Editorial Comment 



With intelligence sources in the US and the North Atlantic Treaty Organization (NATO) pointing to the possibility of a spring offensive by the Russians against Ukraine, much of the debate has focused on German Chancellor Olaf Scholz’s hesitancy over delivering Leopard 2 main battle tanks to Kyiv, the internal differences within the transatlantic alliance over supplying Ukraine more advanced offensive weaponry, and the escalatory risks of doing so. Either way, it is becoming clear that a prolonged war — it’s been 11 months today — is likely to be harmful not just to the combatants but to the global economy. The world, still to recover fully from the Covid-19 pandemic, has already felt the inflationary impact of sharply rising fuel and food prices, partly as a result of Europe’s switch to West Asian supplies to reduce its overwhelming dependence on Russia. As things stand, the signals for peace appear to be weak, with neither Russia nor Ukraine nor the US-led showing signs of backing down from their maximalist positions. This intransigence offers India a good opportunity to leverage its presidency of the this year and initiate an exercise for a viable peace.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Mon, January 23 2023. 22:26 IST

RECOMMENDED FOR YOU

.