Moscow, March 27: Russian President Vladimir Putin has compared the global impact of the escalating West Asia conflict to the COVID-19 pandemic, warning that the crisis could disrupt economies, industries, and supply chains worldwide. He cautioned that the fallout may slow growth and destabilize multiple sectors, echoing the shocks experienced during the pandemic.
Addressing the Union of Industrialists and Entrepreneurs, Putin said the conflict triggered by the US–Israel joint attack on Iran has the potential to create ripple effects across energy trade, logistics, and manufacturing. He noted that just as the pandemic reshaped global markets, the current instability in West Asia could lead to long-term economic consequences.
Putin emphasized that energy markets are particularly vulnerable, with rising tensions threatening oil and gas supplies. He warned that disruptions in shipping routes and air corridors could mirror the pandemic’s impact on global supply chains, affecting countries dependent on Gulf energy imports.
The Russian leader also highlighted investor concerns, stating that volatility in markets may intensify as the conflict escalates. He urged businesses to prepare for unpredictable fallout, stressing that the trajectory of the crisis remains uncertain and could expand into a wider regional war.
Putin’s remarks underline Moscow’s view that the West Asia conflict is not just a regional issue but a global challenge, with consequences that could rival the economic and social upheaval caused by COVID-19.
