Gissur Simonarson

JPMorgan CEO Jamie Dimon warns a Russian victory in Ukraine could shatter global alliances, reshape the world economy, and force nations to question whether they can still rely on America. 🇺🇸 Asked what a Russian victory in Ukraine would mean for the global economy, Dimon responded: “It could be a potential disaster. This is the first war in Europe where a free, democratic nation was invaded by 200,000 or 300,000 Russian soldiers under the threat of nuclear blackmail. We’ve never had nuclear blackmail before. You’re also teaching the whole world that maybe having nuclear weapons is a pretty good thing, because people will be afraid of you, and you can abuse a neighbor if you feel like it. Russia would be on the border of NATO. Obviously, NATO is rearming right now. But the other thing is, it’s affecting all alliances, military alliances and global economic alliances. And the nexus of Iran, North Korea, and China makes it very hard, in my view, for the Chinese-American relationship. China says they’re neutral, but they’re helping. We are clearly not neutral. If Russia wins, you might see a lot of people deciding: Will America stand up for Europe? Can you rely on them? And if you can’t rely on them, what are you going to do? That includes economically. Every nation is going to say, what makes me secure? Energy, food, all the things I need. I’m worried that if Russia wins, you could see the world enter a little bit of chaos as people realign alliances and economic relationships.”