Menu Close

History lessons – What resources were hit the most in 1991 after USSR collapse

The fall of the Soviet Union was one of the major events of the 20th century. As Vladimir Putin declared it was the greatest geopolitical catastrophe. The largest Union which existed almost 70 years was eventually fallen amid economic and political crisis.

 

But it should be mentioned that after the fall, resources, which were managed normally during the existence of the USSR, were affected afterwards by mismanagement. In this article, we will have a look at these resources that were hit the most after the dissolution of the Soviet Union.

 

Oil

The Soviet Union was one of the largest producers of oil in the world, but in this regard, the situation changed notably. Even though the major share was in Russia and it still remains one of the largest exporters of oil, other countries have been affected.

 

But we should remember that with time, oil has become a trading resource in the post-Soviet countries. Somehow people managed to find benefits and right now a lot of citizens not only in Russia but in the rest of the countries trade with Payoneer forex brokers that offer oil trading as one of the possibilities.

 

Russia is strongly dependent on oil prices. It was an oil price that literally saved the Russian economy a lot of times.

 

Water

After the collapse of the Soviet Union and independence by the Central Asian republics, many natural resources were found on opposite sides of the borders, which led to the ineffective use of the old rules of distribution of hydropower resources.

 

A paradoxical situation has arisen: water, which is one of the most important strategic resources in the region, continues to be free. As a result, this issue has become one of the main problems here: by influencing the economic and political development of countries, water resources have become a serious security factor.

 

The countries have been involved in a significant stalemate about water. It is too early to talk about a final settlement of the problem. Given the difficult relations between the countries of the region, it cannot be ruled out that some of them, for one reason or another, will refuse to live up to their commitments.

 

According to UN experts, in the 21st-century water will become a more important strategic resource than oil and gas, as a ton of clean water in the arid climate is already more expensive than oil. No wonder many experts call the “water issue” one of the most serious challenges to humanity in the future.

 

Intellectual resource

As a result of the collapse of the Soviet state, the intellectual potential of society declined. This potential was based on a fairly progressive national education system. The scientific, technological and educational system of the new states underfunded, meagre funding has lost many of the workforces who are looking for livelihoods and applications. As a result of the increased “brain drain” significantly weakened the position of the intellectual development of the states – the former Soviet republics.

 

Geopolitical and socio-economic consequences of the collapse of the Soviet Union

growth in industrial and agricultural production in the border regions are possible if there is a developed infrastructure and assistance from the state. In such regions, there should be a re-industry and territorial production structure that meets the needs of the foreign markets.

 

Huge reserves of natural resources were concentrated in the USSR, the country was the only state in the world, fully provided with all the necessary raw materials and fuels for the development of the economy. Here there was 20% of the world’s fuel and energy resources.

 

Having lost all these common natural resources, each country had to solve the problems of providing the economy with raw materials on its own, which led to the emergence of crisis phenomena in the conditions of economic ties. economy – falling production, falling GDP, worsening the standard of living of the population, the increase in unemployment and, resulted in an increase in crime, violation of citizens’ rights, etc.

 

Conclusion

Even though the fall of the Soviet Union was met by happiness by newly-emerged countries, it should be mentioned that still, the consequences were difficult for them. 30 years have passed and we have examples of states that still have both territorial and economic problems.

 

Resources are still a problem for numerous countries. When there was a single economy and these resources were handled effectively but right now it has become a major problem. However sooner or later the countries will still find ways to resolve the situation peacefully and with minimal losses.

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *