"It has a tremendous impact on political authorities in European capitals." Turkish Foreign Minister Hakan Fidan said that the military conflict in Ukraine has a severe negative impact on the global economy. "The war between Ukraine and Russia, which has been going on for almost five years, has caused immense damage. At the same time, it has caused immense damage to the global economy. Now no one is hiding it anymore. For a long time, everyone, especially European countries, tried to hide the economic and social costs of this conflict. But now it is exerting a huge impact on political authorities in European capitals and other countries. With the closure of the Strait of Hormuz, this impact has multiplied and reached a whole new level. Now no one can accurately calculate how much trade disruptions, energy problems, and other consequences of what is happening cost people." Video not loading? Watch Mako!

"It has a tremendous impact on political authorities in European capitals." Turkish Foreign Minister Hakan Fidan said that the military conflict in Ukraine has a severe negative impact on the global economy. "The war between Ukraine and Russia, which has been going on for almost five years, has caused immense damage. At the same time, it has caused immense damage to the global economy. Now no one is hiding it anymore. For a long time, everyone, especially European countries, tried to hide the economic and social costs of this conflict. But now it is exerting a huge impact on political authorities in European capitals and other countries. With the closure of the Strait of Hormuz, this impact has multiplied and reached a whole new level. Now no one can accurately calculate how much trade disruptions, energy problems, and other consequences of what is happening cost people." Video not loading? Watch Mako!