Who is Profiting from the Ukraine-Russia War?
The ongoing conflict between Russian and Ukrainian forces in the Eastern front has resulted in significant devastation and economic hardships for Ukraine. Russian attacks have targeted various regions, including Kupiansk in the Kharkiv region, as reported by Deputy Defense Minister Hanna Maliar on Telegram [Al-Jazeera]. Russian President Vladimir Putin claims that Ukraine’s attempts at a counter-offensive have failed.
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In 2022, following Russia’s invasion of Ukraine, the country experienced a severe economic downturn. Ukraine’s GDP contracted by 29.1%, and its steel production plummeted by 71% due to Russian forces either taking control of or destroying steel plants. Export levels dropped by 35% compared to the previous financial year, contributing to high inflation and increased debts. The conflict has also had a detrimental impact on various industries, including agriculture, information technology, coal mining, and manufacturing, as these sectors heavily rely on functioning infrastructure, such as electricity and internet access.
Interestingly, some U.S. tech firms are reaping significant profits from the Russia-Ukraine conflict. An article titled “Ukraine: A Living Lab for AI Warfare” published in March in the National Defense magazine describes the conflict as a significant development in the field of networked and AI-based warfare. Ukraine has become a testing ground for new AI technologies and products, providing Western tech. companies with a unique opportunity to generate rapid profits.
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While the equipment supplied by the U.S. is intended for use against Russia, it is evident that Ukraine’s conflict has inadvertently become a platform for experimenting with technological advancements. Some analysts argue that instead of actively seeking a settlement and peace in Ukraine, the country is being used as a laboratory for testing evolving technologies.
In conclusion, the Ukraine-Russia war has resulted in severe economic hardships for Ukraine, with Russia causing extensive destruction to infrastructure and industries. Meanwhile, certain U.S. tech companies are capitalizing on the conflict, utilizing Ukraine as a testing ground for their AI technologies and products. This dynamic raises concerns about the true intentions behind the actions taken during the conflict and the prioritization of technological advancement over peace efforts.
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The writer is a lawyer, academic and political analyst. She has authored a book titled ‘A Comparative Analysis of Media & Media Laws in Pakistan.’ She can be contacted at: yasmeenali62@gmail.com and tweets at @yasmeen_9
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Crisp, concise and clear views on possible beneficiaries of Ukrainian war👍that shows commendable grasp over the subject.