Could the impending Ukraine situation affect living in the Philippines?

[ASEAN NOW News]

I am trying to not make this a political issue, however, if Russia goes to war with Ukraine, what will be the repercussions to expats in Asia?

 

Donetsk

 

Today Putin’s troops have been ordered to perform what is loosely described as “peacekeeping functions” in Lubansk and Donetsk raising fears troops could soon cross the border.

 

If Putin’s Red army attacks, the impending hostilities could represent the most significant war in Europe since WW2.

 

So, what are your concerns/predictions about the impact on your life here as expats in Asia, if any of this actually happens?

 

Financial Impact

 

Initially one would expect the world stock markets will take a hit, so any investment in a retirement plan may see funds reduced.

 

As we have already seen, Oil and Gas prices have risen and therefore could go higher along with electricity.

 

There could also be some blockades, meaning shipping will burn more expensive fuel to get to Asia, resulting in food shortages and rises even further!

 

Apart from the economic issues, several flight routes would need to be changed as flying over Russia and Ukraine airspace will be a definite no-no.

 

Russian Troops at border 

 

If a war breaks out between Russia and Ukraine, China will tighten its grip on South Asia Pacific, and also Taiwan. Then the Philippines will have to choose a side!

 

Refugees

 

The Philippines has always been welcoming to refugees, as shown during the recent problems in Afghanistan.

 

There would be lots of Ukrainian refugees globally, but any hoping to flee to the Philippines would need them to go through those difficult Covid restrictions and immigration hoops.

 

At least I suppose on the bright side maybe you will start seeing some hot Ukrainian women seeking shelter in the sunny Philippines.

 

I am being flippant of course!

 

Ukraine soldier

 

However the world is taking this current border clash very seriously.

 

What are your thoughts? Perhaps you feel it is just too far away to be of major concern.

 

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