The Chair of the Executive Council of SIDS DOCK, the international organisation created to build sustainable energy and climate change resilience in small island countries, today warned that island economies could be collateral damage of the fighting in Ukraine.
SIDS DOCK, the Small Island Developing States (SIDS) sustainable energy and climate resilience organisation is worried that SIDS economies, struggling to recover from the battering by the COVID-19 pandemic, could be devastated by oil prices spiked by the war in Ukraine. Noting that small economies are 90 per cent dependent on already expensive oil imports, the SIDS DOCK Chair, His Excellency Mr. Ronald Jumeau, Ambassador and former Permanent Representative of the Republic of Seychelles to the United Nations (UN) and the SIDS DOCK Roving Ambassador for Oceans, said the war in Europe could sink SIDS economies, “as well as their hopes and efforts to recover from the COVID-19 pandemic, which ravaged their islands.” He said SIDS, dispersed far from Ukraine, “will experience exploding and uncontrollable energy prices the longer the shooting continues.”
SIDS already have a 90 per cent dependency on petroleum fuels for commercial energy costing more than $220 billion per year, pre-COVID-19. They will now see a significant escalation in the cost of imports, particularly food, as almost all small islands import 60 per cent or more of their food needs, Ambassador Jumeau forecasted.
The COVID-19 pandemic, he added, “had already pushed several SIDS to the brink of economic collapse; they suffered disruptions in supply chains and international trade, flight cancellations, slowdowns in the shipping industry and logistics bottlenecks.”
Oil is over $120 per barrel compared to under $30 per barrel, two years ago. Moreover, due to the small size of their economies and the limited number of goods and services, primarily tourism, agriculture, and fisheries that they provide to the global economy, SIDS are very vulnerable to external shocks such as the war in central Europe.
Recalling the energy market disruptions and the explosion of oil prices to US$150 per barrel in 2008, he asserted, “SIDS today remain the most indebted group of countries in the world, per capita, with some saddled with debt that is more than 100 per cent of their gross domestic product (GDP). They also have the highest energy and communication costs of any group of countries.”
Highlighting the particular vulnerability of small islands, he lamented that SIDS were the first to see dramatic increases in oil and food prices due to the war in Ukraine: “This is not unexpected of the most vulnerable group in the United Nations system. The question is, how long will the war go on, and how high will the price of oil rise?”
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No… Biden’s energy policies is what is going to sink island economies. He and his commicrat comrades have caused the price of oil to hit over $100 barrel by causing the USA to no longer being energy independent like they were under President Trump.
SIDS is a creation of the Chinese run UN… enough said about that.
When SIDS talk about ‘climate change’ they use words like ‘sustainable development’ and other phrases right out of Klaus Schwab’s GREAT RESET of their NWO plans. They talk about the ‘CLIMATE EMERGENGY”…. I say what emergency. It is all a scheme to relieve you of your money and to enrich themselves.
Your ignorance is shameful. “Angel”(?) you are a TRUMP propagandist. Old Trump is history now, and most of his propagandists and “angels” are either in prison, on trial, or already in the pit. You have a right to your opinion, but you don’t have a right to your made-up facts. You will be challenged when you do. Sheesh. For one, China DOES not control the UN. You need to do some research. So, what do you think of Putin. How about Jews? (Your beloved twice-impeached “president” was a good friend of Putin, and if old man Trump would have had his way there wouldn’t even be a NATO!) Don’t forget the love affair he had/has with the little fat boy Leader of North Korea. Chuups.
@Very Concerned
NONE of YOUR statements are factually true! YOU’RE the one that needs to do research and stop spreading LIES.
* China has started dominating the United Nations system by controlling various UN bodies. China heads four of the 15 principal agencies of the UN and has its deputies in nine other agencies.
* The corrupt democrats twice-impeached Trump but both times he was NEVER convicted.
* NATO is the deepstate military army and SHOULD have been dissolved long ago. Cold War ended in 1991, when the Soviet Union dissolved and communism. was discredited. The Warsaw Pact dissolved that same year. Now, by 1991, NATO served no practical purpose, and it should have. been dissolved. It would have been a great thing for world peace had it. been dissolved.
* If making PEACE with North Korea is a bad thing then I say we need more actions like that. After Trump meet with ‘Fat Boy’ he stop firing his missiles.
* It’s spelled ‘Chups’…. you are ignorant and foolishly opinionated. YOU are the person that is MAKING up ‘facts’.
Your ignorance is shameful. “Angel”(?) you are a TRUMP propagandist. Old Trump is history now, and most of his propagandists and “angels” are either in prison, on trial, or already in the pit. You have a right to your opinion, but you don’t have a right to your made-up facts. You will be challenged when you do. Sheesh. For one, China DOES not control the UN. You need to do some research. So, what do you think of Putin. How about Jews? (Your beloved twice-impeached “president” was a good friend of Putin, and if old man Trump would have had his way there wouldn’t even be a NATO!) Don’t forget the love affair he had/has with the little fat boy Leader of North Korea. Chuups.
“ANGEL” is a devil in disguise!
If that were true then you should be careful I don’t ‘lay your soul to waste’.
After a week of being lied to by our own government, Ukrainian officials, fake fact checkers, and then having to watch every media platform ban Russian news sources because they were supposedly spreading “misinformation” 🙄 it turns out that YES, we actually did have military bioweapon labs illegally set up all over Ukraine…and it was all funded by the American tax payer to boot!
The federal government tried to delete the files showing how our defense department was funding all these labs….but not before people archived it and republished it all. Oops. They were working on things like the military applications of hemorrhagic fever, Anthrax, and the Plague…THE PLAGUE!
Apparently the Pentagon doesn’t feel the need to explain *why* they broke a worldwide treaty and then lied to the American people about it either, ESPECIALLY after what we just saw them to with Covid. 😡
Don’t hold your breath waiting for these people to investigate and indict themselves either, this only ends when we start standing up to them and doing something about it. They were literally willing to start a nuclear war to cover up the crimes they were committing there, let that sink in for a moment.
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