Davos WEF 2022 | John Chipman Says War Will End At Ukraine's Choice, Minimal Risk Of Nuclear Escalation
The next seven-eight weeks remain critical for Ukraine as it goes through a moment of arms race gap, says John Chipman.
The ongoing Russia-Ukraine conflict will end at Ukraine's choice as it continues to resist Russian invasion, according to John Chipman.
The chances of use of nuclear or chemical weapons by Russia are "not zero but minimal", Chipman, director-general and chief executive at the International Institute for Strategic Studies in the U.K., told BQ Prime's Menaka Doshi on the sidelines of the World Economic Forum 2022 in Davos.
"So long as Ukraine is determined to keep fighting, Europeans and North Americans and friends of Ukraine will continue to deliver equipment, training, intelligence and assistance of all kinds, until Ukraine feels that it can dictate the terms of a peace settlement," Chipman said.
However, he warned that the next seven-eight weeks remain critical for Ukraine as it goes through a "moment" of "arms race gap".
The equipment delivered to Ukraine, he explained, is North Atlantic Treaty Organization or NATO-standard equipment, which would require training for Ukrainians to use against Russia.
"Ukraine has the agency [to end the war]. Putin expected that he would be in Kyiv in three days, a puppet government installed, and he would have de facto sovereignty over all of Ukraine. That didn't happen," he said, adding that Ukraine has resisted well even as it bears huge losses during the process.
But the war can still last "many, many months", he warned.
There is "minimal" chance of the use of nuclear weapons by Russia, as there is "no real military advantage to be gained on the battlefield", Chipman said.
And for the use of such weapons, Russia has to go through a chain of decision-makers with everyone approving it. Such a step would also evoke a response from the West, that possesses nuclear weapons as well, he said.
Impact On India
A "perfectly balanced multi-alignment policy" will become challenging for India to continue with, according to Chipman.
He underscored that the declining Russian currency may become another problem for India. "It is not a good time to be long Russia and short the United States or Europe."
India, the largest importer of Russian arms, may "find by the end of this calendar year that spare parts, maintenance" for Russian arms may not be available, and Russia's ability to maintain exports may also be affected in the coming years, he said.
End Of Globalisation?
With the combination of the pandemic that disrupted supply chains, along with an ongoing war in Europe leading to economic sanctions against Russia, "bits of decoupling" are taking place, Chipman said.
"There is also a hesitancy amongst some western companies to invest at speed in China", as the Asian country imposed strict Covid-19 policies shutting down entire provinces during outbreaks, he said.
According to Chipman, following a Russian attack, the country would "decrease as an economic partner" for other nations, as some western capitals rally from "freezing" Russian state assets to "ceasing" them, in order to foot the bill for destruction caused in Ukraine.
Watch the full interview here:
Related Coverage:
Birla Scouts For New Businesses Alongside $10-Billion Growth Push
Axis Bank CEO Says Rate Hikes To Build Stress But Not Cause Large NPAs
Anil Agarwal Says PSUs Can Fetch Four Times Value When Privatised
Sanjiv Bajaj Says World Looking Up To India Amid Sombre Mood
TV Narendran Hopes Steel Export Duty Is A Short-Term 'Speed-Breaker'
IEA's Fatih Birol Says Energy Crisis Will Reorient Global Trade
SBI's Dinesh Khara Sees Lending Rates Rising By 40-90 Basis Points
Anish Shah Says There Will Be A Cost To Reconfiguring Supply Chains
ReNew Power's Sumant Sinha On Financial Viability Of Renewable Power
Manpower Group CEO On Whether The Great Resignation Is Over
Unilever CEO Says The Idea That Sustainability Is Costly Needs To Go