06
Jan
Economic Impact The war between Russia and Ukraine has created a significant global economic impact. Energy is one of the sectors most affected, especially regarding gas and oil. Europe, previously dependent on Russian energy supplies, frequently experiences spikes in energy prices. This forced European countries to look for alternative sources, which resulted in unstable energy supplies and inflation in various parts of the world. Global Supply Chain This conflict also impacts global supply chains. Ukraine is a major producer of grains, such as wheat and corn. When the war raged, production and delivery of agricultural products was hampered, causing food…