Arantxa Tapia has warned of the “terrible” humanitarian consequences and the economic effects of the offensive on Ukraine.
The Basque Minister for Economic Development, Arantxa Tapia, has warned that, in addition to the “terrible” humanitarian crisis that Russia’s military offensive against Ukraine may cause, this conflict is already having repercussions on companies in the Basque Autonomous Community (CAV ) more geared towards exportsuch as those dedicated to oil, gas and machine tools, which are already suffering the impact of this situation on their order book.
Tapia, in statements to the media in the Basque Parliament, warned that this military offensive could cause a “terrible” humanitarian crisis, so the first thing to do when analyzing the situation is “think about people”.
Apart from the humanitarian repercussions of the conflict, he explained that the Russian attack is already having economic consequences. Tapia has affirmed that the economy is already “suffering” from this war escalation, and that there are companies that have communicated to his Department that their order book is being affected “directly” by the situation.
The counselor recalled that there is also a fall in the stock market and a rising oil and gas prices. “In these moments in which the pandemic was giving a little peace of mind to our economic fabric, This news has a direct impact“, has manifested.
Source: Eitb
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