The recent internecine war that broke out between Russia & Ukraine was entirely uncalled for and destroyed the livelihood of millions. Russia had previously suggested its nefarious intentions to debilitate the entire economy of Ukraine but no one had anticipated the magnitude to which the damage will be incurred. Bitcoin prime had previously covered the war between Russia and Ukraine where the implications of war were discussed profoundly. Now, the situation is more desperate than ever and you might want to read further into the subject from our website to stay abreast with the continuous changes that are taking place almost on a daily basis.
The country under siege
Russia had always been adamant about its foreign affairs which didn’t seem to be working out for the country and Ukraine was certainly a splinter in Russia’s eye that it had to deal with. Hence, Russia resorted to a more violent and diabolical way to settle its animosity with Ukraine. Nonetheless, the attack on Ukraine caught the attention of the international media and bashed the actions of the Soviet country and its perverse beliefs.
When nations came together to stand with Ukraine
The entire world stood with Ukraine except for some of the tyrannical countries that share the belief of Russia. Now, Ukraine was in a desperate state to recover from the havoc that the Russian army wreaked on the county. Was insurmountable the level of loss that Russia perpetrated on Ukraine which called for serious help from all around the world. Not only that, Ukraine received colossal donations from the majority of European countries that stood with it. The number of donations exceeded in millions that were usually done in Bitcoin. But considering the damage and irrecoverable losses, Ukraine soon started accepting donations in other forms of cryptocurrency in the likes of Ethereum, Solana, Polkadot, and Tether among others.
Will there be an end to the misery?
It should also be noted that the existing crypto exchanges took a massive blow from the attacks that Russia perpetrated on Ukraine. It had a reverberating impact on the crypto trading exchanges and they were on the brink of collapse. However, the situation got better as the days passed by. Now, the conversion of currencies can easily be made without many complications that used to be incurred in the initial days of the war. The entire cryptocurrency was shoved on the back burner in the wake of war and the prices of prominent cryptocurrencies plummeted like anything. Ukraine, on the other hand, was compelled to rely on cryptocurrency to ensure the survival of its people and a battered economy. The situation is extremely desperate even at the time of writing this article and millions of people have lost their lives and loved ones during the course of this unabated war.
War has always come at an expensive cost and Ukraine seems to bear the most of it. Ever since day one, the misfortunes and death toll seem to pile up for Ukraine, and that too at an alarming rate. It is only a matter of time when the country might even collapse from yet another abrupt attack from Russia. The crypto industry bore the brunt of the internecine war between Ukraine & Russia, but the recovery was fast which help Ukraine to stand back and hold its ground firmly.
The donations might have saved the day for Ukraine but there is still a lot to recover from and still much more stringent measures to be adopted to ensure the survival of the tumbling economy. Ukraine has already lost its most cherished asset and Russia doesn’t seem to stop its torture of the hapless country. It is high time for developed nations to come forward and save the country before it is too late. The crypto industry is currently doing its part as Ukraine has received promising donations from the neighboring & European countries.