In the meantime, Russia has started bombing Kyiv again, the day G7 Summit meetings began. This is clearly a signal from Russia, warning the Western alliance of what Russia could do, in response to those wishing to impose new hardships on Russia.
Read: Sanctions and the Russo-Ukraine War: Are They Working?
These are certainly not encouraging developments, in the latest stage of the Russian invasion of Ukraine; starting last February, it has been evolving into a full-scale Russia-Ukraine war. NATO has solidly declared itself in support of the latter, in terms of armaments and providing places for Ukrainian refugees, now totaling more than 4.5 million old people, women and children. It is thus now clear that with such developments it is less likely that the war will end any time soon.
The War Will Last Longer Than Expected
Now that that the war looks to be exerting long-lasting implications on other economies, and not only those of the US and Europe, emerging and middle-income economies (including Indonesia) should become the focus of each government of these countries, with attention as to how to address them, to mitigate their adverse effects.