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Russia-Ukraine conflict to impact Pacific economies – USP academic

Friday 25 February 2022 | Written by RNZ | Published in Pacific Islands, Regional


Russia-Ukraine conflict to impact Pacific economies – USP academic

The invasion of Ukraine is likely to have a signficant impact on the Pacific, warns a senior USP academic.

On Thursday, Russia commenced a massive invasion of neighbouring Ukraine. More than 100 Ukrainian soldiers and civilians have been killed in the fighting so far. The invasion has put a strain on diplomacy around the world.

Sandra Tarte.
Sandra Tarte. Photo: Twitter

Although geographically removed from the conflict the Pacific Nations should be concerned about the negative effect this war will have on multilateralism says Sandra Tarte, an Associate Professor at the University of the South Pacific and the Acting Head of the School for Law and Social Sciences.

"Multilateralism is on its knees, it's in tatters," Professor Tarte said. "Particularly for the smaller island countries, we really need multilateralism to protect ourselves.

"We don't have power as such in the entire system. We rely on multilateralism and institutions like the UN and the rule of law."

Professor Tarte also said that Pacific countries will feel an economic impact.

"We will see perhaps markets react, we will see confidence plummet," she explained . "There might be supply chain issues with the oil markets.

"We are all connected. Through this global supply chain, we will see potential effects."

EU targets Russian economy

The European Union leaders agreed on Thursday to impose new economic sanctions on Russia, joining the United States and Britain in admonishing President Vladimir Putin and his allies for invading Ukraine.

Leaders of the 27-nation bloc lambasted Putin at an emergency summit in Brussels, describing him as "a deluded autocrat creating misery for millions".

The EU will freeze Russian assets in the bloc and halt its banks' access to European financial markets. These moves are part of what EU foreign policy chief Josep Borrell described as "the harshest package of sanctions we have ever implemented".

The EU's Ambassador to the Pacific, Sujiro Seam, echoed the sentiments of world leaders and "condemned the unprovoked and unjustified military actions" of Russia.

This is a gross violation of international law, Mr Seam said, and he stated that the EU Office in Suva would reach out to its partners in the region to condemn Russia's actions.

Mr Seam hoped that Fiji, which had championed multilateralism in the United Nations, would support sanctions against Russia.

European Union's ambassador for the Pacific, Sujiro Seam.
European Union's ambassador for the Pacific, Sujiro Seam. Photo: Twitter / Sujiro Seam

FSM severs diplomatic relations with Russia

The Federated of the Micronesia has severed diplomatic relations with Russia following the brutal invasion of Ukraine.

In a statement, the FSM government said it condemns the Russian Federation's invasion of Ukraine and the unjustified and brutal assault on its people and territory.

FSM President, David Panuelo
FSM President, David Panuelo Photo: Office of the President of the FSM

The President of the FSM David Panuelo said it condemns any actions which threaten global peace and stability and the rules-based international order.

He said the FSM will only entertain renewing diplomatic relations with the Russian Federation when the latter demonstrates actionable commitments to peace, friendship, cooperation, and love in our common humanity.

Fiji condemns Russia's actions

Fiji has joined the international community in condemning the Russian invasion of Ukraine.

In a Friday social media post Fiji's Acting Prime Minister, Aiyaz Sayed-Khaiyum, said that Fijians were praying for the people of Ukraine.

He called for an end to all the "hostilities and any violations of the international rule of law".

Mr Sayed-Khaiyum urged the warring parties to return to the diplomatic table, echoing the call for peace from UN Secretary-General António Guterres.

Mr Guterres addressed the UN General Assembly calling for negotiations, to save the people of Ukraine from the scourge of war.

Fiji's Permanent Representative to the United Nations, Satyendra Prasad, echoed his government's support of the UN's call for a de-escalation of conflict.

On his official Twitter account, Mr Prasad stated that Fiji supported the "UN's efforts to have a swift return to the path of dialogue between the two warring nations."

US Secretary of State Antony Blinken (L) takes part in a joint press availability with Fiji's acting Prime Minister Aiyaz Sayed-Khaiyum in Nadi, Fiji on February 12, 2022.
US Secretary of State Antony Blinken (L) takes part in a joint press availability with Fiji's acting Prime Minister Aiyaz Sayed-Khaiyum in Nadi, Fiji on February 12, 2022. Photo: KEVIN LAMARQUE / POOL / AFP)