WASHINGTON, DC - FEBRUARY 24: Anti-war demonstrators and Ukrainians living in the U.S. protest against Russia's military operation in Ukraine in Lafayette Park on February 24, 2022 in Washington, DC. Russian President Vladimir Putin launched a full-scale invasion of Ukraine on February 24th. (Photo by Anna Moneymaker/Getty Images)
For those who ask, “Why does Ukraine matter?“ in this crisis and the looming war, this is why Ukraine matters for which reason the world should not sit aloof to watch it go down. Ukraine matters, that is why its independence and peace should be important to the rest of the world.
When Ukraine goes down the world will go down and most especially, most developing countries including Ghana will suffer the most. Below is a list of the economic potentials of Ukraine:
Ukraine is the second-largest country by area in Europe and has a population of over 40 million – more than Poland.
Ukraine ranks 1st in Europe in proven recoverable reserves of uranium ores.
Ukraine is 2nd place in Europe and 10th place in the world in terms of titanium ore reserves.
Ukraine is in 2nd place in the world in terms of explored reserves of manganese ores (2.3 billion tons, or 12% of the world’s reserves).
Ukraine has the 2nd largest iron ore reserves in the world (30 billion tons).
Ukraine is in 2nd place in Europe in terms of mercury ore reserves.
Ukraine is in 3rd place in Europe (13th place in the world) in shale gas reserves (about 22 trillion cubic meters).
Ukraine is 4th in the world by the total value of natural resources.
Ukraine is in 7th place in the world in coal reserves (about 33.9 billion tons).
Agricultural potentials of Ukraine:
Ukraine is 1st in Europe in terms of arable land area.
Ukraine is in 3rd place in the world by the area of black soil (25% of the world’s volume).
Ukraine is in 1st place in the world in exports of sunflower and sunflower oil.
Ukraine is in 2nd place in the world in barley production and 4th place in barley exports.
Ukraine is the 3rd largest producer and the 4th largest exporter of corn in the world.
Ukraine is the 4th largest producer of potatoes in the world.
Ukraine is the 5th largest rye producer in the world.
Ukraine is in 5th place in the world in bee production (about 75,000 tons).
Ukraine is in 8th place in the world in wheat exports.
Ukraine is in 9th place in the world in the production of chicken eggs.
Ukraine is in 16th place in the world in cheese exports.
Ukraine can meet the food needs of 600 million people.
The industrial drive of Ukraine:
Ukraine is 1st in Europe in ammonia production.
Ukraine is Europe’s 2nd and the world’s 4th largest natural gas pipeline system.
Ukraine is 3rd largest in Europe and 8th largest in the world in terms of installed capacity of nuclear power plants.
Ukraine is in 3rd place in Europe and 11th in the world in terms of rail network length (21,700 km).
Ukraine is in 3rd place in the world (after the U.S. and France) in the production of locators and locating equipment.
Ukraine is the 3rd largest iron exporter in the world.
Ukraine is the 4th largest exporter of turbines for nuclear power plants in the world.
Ukraine is the 4th world’s largest manufacturer of rocket launchers.
Ukraine is in 4th place in the world in clay exports.
Ukraine is in 4th place in the world in titanium exports.
Ukraine is in 8th place in the world in exports of ores and concentrates.
Ukraine is in 9th place in the world in exports of defence industry products.
Ukraine is the 10th largest steel producer in the world (about 32.4 million tons).
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