Understanding the Roots of the Russo-Ukrainian Conflict and Its Global Economic Implications

Abstract

The theme of this paper is to understand the root causes of the Ukraine-Russia conflict and its impact on the global economy. As Europe and the United States contributed to the crisis in Ukraine, this protest ultimately evolved into a regional conflict. If the Russia-Ukraine conflict continues to escalate, it may lead to tension and conflict in neighboring countries and regions. The Russia-Ukraine conflict may cause more complicated geopolitical games, challenges, and instability in financial markets. Sanctions have been imposed on Russia by many countries around the world, including many European countries and the United States. The world is now facing severe inflation with a significant impact on the energy market. This may have a ripple effect on global financial markets, leading to fluctuations. Therefore, governments and enterprises around the world need to take measures to mitigate negative impacts. Many countries are increasingly focusing on foreign exchange reserves to minimize the impact on trade.