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Ukraine war
Opinion
Tai-Heng Cheng

The View | Ukraine war: whether Western sanctions on Russia are working is only part of the question

  • Western sanctions must be judged against other possible alternatives, the costs they bring and what other action can be taken if they are not working
  • Everyone is feeling the economic pain, but it is a price we must pay to restore global order

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People protest in front of the Russian embassy in Warsaw, Poland, on July 17, demanding tougher sanctions against Russia in response to its invasion of Ukraine. Photo: EPA-EFE
The war in Ukraine is geographically limited, but its economic effects are akin to World War III. The war and the sanctions that swiftly followed have caused inflation, supply chain disruptions and other economic burdens across the world. However, painful as it is on everyone, this is the price we must pay to restore global order.

Russia’s unilateral invasion of Ukraine upended the global legal order in place since World War II. From the ashes of that war, the world’s powers rebuilt the legal struts for global peace.

A cornerstone of this legal order is the prohibition on states using force, except in self-defence. Russia’s invasion of Ukraine fundamentally violated the peace compact that has kept the world relatively stable since the last war. There is nothing more urgent now than restoring the peace pact on which all nations rely.

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Countries must be able to count on their neighbours not to invade them. Governments and citizens must be able to rely on the community of nations to act in concert to decisively punish and curtail the brazen use of force. Without these basic expectations maintained, wars – with all their incalculable human costs – will become more likely.

In addition, global commerce will be impaired. Long-term business plans cannot be made. Global trade systems could fracture into regional arrangements. International supply chains will be domesticated, leading to increased inflation.
Smaller countries such as Singapore could face dire consequences as they lack the resources or markets to be self-sufficient and rely on global markets for their prosperity. Small nations also face greater threats of invasion as they are least able to defend themselves against states with massive navies and nuclear warheads.
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