Industry players are facing the increasing price of raw materials such as wheat and soybeans. The high prices of imported raw materials, that have caused global inflation, cornering producers.

Talking about 100 days of Russian invation, Ukrainian Ambassador to Indonesia, Vasyl Hamianin, is certain Ukraine will eventually reclaim all of its territory. Ukraine demands Russia pay compensation.

President of the United Nations General Assembly, Abdulla Shahid, presided over an emergency meeting on the Russia-Ukraine war on February 28 after the UN Security Council failed to reach a resolution.

Upstream Oil and Gas Special Regulatory Task Force Chairman Dwi Soetjipto says that the war in Ukraine has sent fuel prices to soar as Indonesia still depends on oil imports. However, on the upstream side, the crisis spurs more investments for exploration.

President Joko Widodo invites Vladimir Putin to the G20 conference. This is insensitive because Russia continues to bombard Ukraine.

The Russia-Ukraine war has shifted to Luhansk and Donetsk since last April. This battle in Donbas will decide the outcome of the Russian invasion.

The G20 summit is often marked by geopolitical dynamics. Indonesia could bring up the Russia-Ukraine war at the group’s upcoming meeting in Bali.

Amid Russia’s invasion of Ukraine, the Indonesian government is lobbying high-ranking officials of some countries to attend the G20 Summit in Bali. Delaying the event is even considered.

Russian military aggression against Ukraine forces civilians to flee to makeshift refugee camps. Their fate is uncertain.

Civil servants and ulemas apply to become members of the Ukrainian Territorial Defense Forces. The militia group is supported by the Azov Regiment, which Russia accuses as being a neo-Nazi group.

European Union’s plan to embargo Russia again rises world oil prices. The increase in fuel prices is a bet for Pertamina’s finance.

John Lennon dreamed, Imagine there is no country, and we like to imagine living in the world without divisions, without enmities. But such imagination has no power…

Wars of imperialism and World Wars—as also the Ukraine War right now—are indeed not a ‘fight over a plot of earth’ that has no value.

Ukraine, since February 2022, will perhaps be destroyed, burned, but still it will not die.

World oil prices are still out of control. Government’s reluctance to increase fuel prices could have fatal consequences.

World oil prices soar due to the Russia-Ukraine war. What are its impacts on Indonesia?

Henry Kissinger warned that Ukraine could be a bridge between the West and Russia. To Russia, Ukraine can never be just a foreign country. Ukraine has been part of Russia for centuries. But the Kremlin must not “try to force Ukraine into a satellite status.”

Some ASEAN nations are reluctant to condemn Russia. Indonesia is not even mentioning “Russia” by name. Only Singapore declares economic sanctions.

Russian Ambassador to Indonesia, Lyudmila Vorobieva, claims that the assault on Ukraine is carried out to prevent the country from being used as a weapon to attack Russia.

Meanwhile, Ukrainian Ambassador to Indonesia, Vasyl Hamianin points out that it is wrong for Russia to use such fear as an excuse to invade Ukraine and kill civilians in the process.

The Russia-Ukraine war raises the prices of Indonesia’s export commodities. Financial markets are still under threat.

White Tiger director Karen Shakhnazarov says that Leo Tolstoy in his novel War and Peace comments that war is a basic human trait. But Tolstoy actually utters something more like sad fatalism.

The consequences of the Russia-Ukraine conflict are dire, not just for the financial market but also for the global economy which is still in tatters and recovering.