If the Ukraine crisis escalates, Americans could feel it in their wallets, a professor says
GRAND RAPIDS (WZZM) -- The news of the Ukraine Crisis is unending, but what does it mean?
A Calvin College professor and former U.S. government Russian analyst says it depends on if the crisis escalates. If it does, Professor Becca McBride says we could feel it in our wallet.
How? Higher gas prices and food prices. Both Russia and the Ukraine are major trade partners with the U.S. and a major oil and natural gas pipeline runs through the region.
"If war breaks out in this area, then I would predict that gas prices would go up very quickly" Prof. McBride said Tuesday.
An uncontained conflict could spread to western ally nations like Poland. "Suddenly all those countries that are our allies have economic problems, and they have the problems that come with getting an influx of refugees. That really has a ripple effect that affects all of Europe and affects us as well," McBride said.
McBride does not expect a war to break out. She participated in a panel discussion Tuesday at Calvin called Ukraine: the last frontier in the Cold War.