The Russia-Ukraine Conflict: Economic Consequences on Europe and the World

• Authors: Philip Fwaldin Kasuwa

Title variants

RU

Российско-украинский конфликт: экономические последствия для Европы и мира

Abstracts

RU

После нападения на Украину 24 февраля 2022 года на Россию был наложен ряд международных санкций, чтобы убедить страну в необходимости деэскалации конфликта. Санкции, введенные против России, хотя и были призваны нанести ущерб российской экономике, имели непредвиденные последствия для мировой экономики, в первую очередь из-за нарушения глобальных цепочек поставок. Сбои в поставках энергоносителей, сырьевых товаров и торговли были вызваны конфликтом. Во многих странах это привело к увеличению мировой инфляции. Несмотря на то, что Израиль и Турция сыграли важную роль в мирном разрешении конфликта между Россией и Украиной, экономические последствия кризиса продолжали сказываться на всей Европе и за ее пределами.

EN

A number of international sanctions have been placed on Russia since it launched an attack on Ukraine on February 24, 2022, in order to persuade the country to de-escalate the conflict. The sanctions imposed on Russia, while designed to harm the Russian economy, had unintended consequences on the world economy, primarily through the disruption of global supply chains. Energy supply shocks, commodities and trade supply shocks were all caused by the conflict. In many nations, this resulted in an increase in worldwide inflation. Despite the fact that Israel and Turkey were instrumental in mediating a peaceful end of the conflict between Russia and Ukraine, the economic fallout from the crisis continued to reverberate throughout Europe and beyond.

Keywords

EN

Russia; Ukraine; war; invasion

RU

Россия; Украина; война; вторжение

• Publisher: Wydawnictwo Adam Marszałek
• Journal: Nowa Polityka Wschodnia
• Year: 2022
• Issue: 3(34)
• Pages: 63-82

Dates

published

2022

Contributors

author

Philip Fwaldin Kasuwa

• Pope John Paul II Catholic University in Lublin

• https://orcid.org/0000000171186461

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Identifiers

DOI

10.15804/npw20223403

Biblioteka Nauki

2120019