Russia’s invasion of Ukraine on February 24th, 2022, has had a rippling effect across the world. On a global level, one of the most talked-about and impacted resources is oil. Even though Russia only makes up 2% of the global economy, its stake in global energy is far more significant. Russian wells are responsible for 11% of global oil consumption, and an even higher 17% of natural gas consumption.
globalEDGE Blog - By Author: Emma Catalina
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Recently Afghanistan has been at the center of world news as the country finally fell under Taliban rule, putting an end to a decades long fight. The Taliban was created in 1994 from former resistance fighters, attempting to halt a Soviet invasion of Afghanistan. Their purpose was to enforce a specific version of Islamic law at the time, and protect that law by eliminating any foreign influence. Two years after their conception, the Taliban was strong enough to capture Afghanistan’s capital, Kabul. The Taliban quickly enforced strict rules, such as head-to-toe coverings for women and banning TV and music. Their next most notable action, and the start of their downfall, happened on September 11th, 2001. The Taliban carried out a plan to hijack multiple planes in the United States, with two crashing into the World Trade Center towers. More than 2,700 people were killed in this terrorist attack.