Turkish Foreign Minister Hakan Fidan: The war between Ukraine and Russia has caused enormous damage to the global...

The war between Ukraine and Russia has caused enormous damage to the global economy.

For a long time, everyone, particularly European countries, tried to conceal its economic and social costs. But now, it is having a major impact on political governments in European capitals and elsewhere.

With the closure of the Strait of Hormuz, this impact has been multiplied, taking it to a much more serious level.