Economics Articles

The Global Economic Fallout: Russia vs Ukraine by Reyhan Rajendram

The seemingly never-ending conflict between Russia and Ukraine continues to escalate while simultaneously affecting global stock markets. Russia’s invasion of Ukraine has sent reverberations throughout the world economically. This conflict continues to cause issues in the trading sector, especially in the EU. Europe may be the continent affected significantly trade-wise however countries located in Central Asia have also been severely impacted, with 36 currencies in Central Asia depreciating. This war has created a Global Economic Fallout and one that seems impossible to fix. A gaping hole has been left in the global economy which has drastically affected many countries who aren’t even slightly involved. This war has seemed to negatively impact the world with neither Russia nor Ukraine benefitting from this exchange.

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