There are multiple factors contributed to the skyrocketing inflation around the world. But there should also be no doubt that soaring prices of energy and a slew of bulk commodities driven by the Russia-Ukraine conflict and the reckless US-led Western economic sanctions against Russia also exacerbated global inflation.
Against this backdrop, the US' recent eagerness to play up the impact of the zero-COVID policy on China's and the global supply chain is actually a failed attempt to pass the buck and a sinister plot to hide their failure and surrender to the virus and the massive costs of their economic sanctions against Russia.
At a time when global supply chains haven't fully recovered from the pandemic, the situation in Ukraine and the sanctions imposed on Russia have exacerbated disruptions to supply chains. With shortages seen in energy, raw materials and food supplies, countries around the world are bearing the brunt of Washington's geopolitical gambits.
Published: Apr 14, 2022]
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