Affected by the tension between Russia and Ukraine, the supply of energy and food is tight, commodity prices have risen, and the global economy has been affected. The United States and the European Union have ushered in high inflation rates, and Japan has experienced a trade deficit for seven consecutive months. However, it is believed that the two countries most affected by this incident must be Ukraine and Russia.
According to Preliminary Estimates in Ukraine, ukraine suffered direct losses of $500 billion in the event. According to the data, Ukraine's GDP for the whole of 2021 is only 200.25 billion US dollars. The loss was equivalent to Ukraine's GDP for nearly 2 years, which can be said to be very tragic. Looking at Russia, $430 billion in foreign exchange reserves alone has been frozen by countries, so the loss will only be more than Ukraine.
Since both countries are suffering huge losses, Russia and Ukraine also hope to resolve the contradictions between the two sides through peaceful negotiations. Before the fourth Russian-Ukrainian talks, Russia said it had made "substantial progress" in the talks. But on March 14, formal negotiations between the two countries suddenly suffered a "technical suspension" just as they began, and negotiations were postponed to the 15th.
Perhaps due to the large number of negotiations that require more time to consider, the two countries decided that the negotiations would continue on the 16th. According to reports, there are still some contradictions between the two countries, but there is still room for concessions.
Ukraine has been the first to back down as a sign of good faith. On March 15, Ukrainian leader Zelenskiy said that Ukraine would not join NATO, a fact that we must admit. After this incident, Ukraine should have realized that NATO does not welcome Ukraine to join, nor does it expect Ukraine to join in the future.
Russia also said on March 16 that Russia looks forward to reaching a peace agreement with Ukraine, and Russia has always had only one purpose, that is, to expect a peaceful, free, neutral and independent Ukraine.
Since both countries have expressed their sincerity in negotiations, it seems that the probability of success of this negotiation is still very large.
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