Analysis on the Impact of the Russia-Ukraine War on Russia

Research Article
Open access

Analysis on the Impact of the Russia-Ukraine War on Russia

Hao Wu 1*
  • 1 University of Sheffield    
  • *corresponding author hwu69@Sheffield.ac.uk
Published on 20 November 2023 | https://doi.org/10.54254/2753-7048/22/20230203
LNEP Vol.22
ISSN (Print): 2753-7056
ISSN (Online): 2753-7048
ISBN (Print): 978-1-83558-123-0
ISBN (Online): 978-1-83558-124-7

Abstract

The Russia-Ukraine war has been the headline of the news since 2022. There are enough research and reviews to explain the historical conflicts between Russia and Ukraine. The research is to assess the potential impact on Russia in the times of the Russia-Ukraine war before understanding in different causes of the war. The global financial restrictions on Russia have already impacted its economy greatly. With the sanctions from USA, UK, and EU, Russia reacted back by restricting their energy exporting to these countries. This led to a surge in inflation for these countries, which rippled the rest of the countries. With many countries negatively influenced by the war and the sanction, the study is meant to explain the rationale behind the war and examine the cost for Russia. Using empirical analysis and secondary research, the reason was oriented in the historical problem between Russia and Ukraine although there are other modern political reasons that would mention as well. The report concluded that Russia is negatively impacted because of different types of sanctions from many countries while Russia’s core and rare natural resources allow it to be resilient in the war.

Keywords:

Russia-Ukraine war, sanctions, influence

Wu,H. (2023). Analysis on the Impact of the Russia-Ukraine War on Russia. Lecture Notes in Education Psychology and Public Media,22,8-13.
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References

[1]. Dragneva-Lewers, R., & Wolczuk, K. (2016). Ukraine between the Eu and Russia: The Integration Challenge. Palgrave Macmillan UK.

[2]. World Bank. (2022). “War in the Region” Europe and Central Asia Economic Update”, available at: https://openknowledge.worldbank.org/handle/10986/37268, accessed 27 March 2022.

[3]. Ebru O. (2022) The Effects of The Russia-Ukraine War on Global Trade Journal of International Trade, Logistics and Law, 8(1), 141-146.

[4]. Bolgun, D. (2022). “Para Analiz”, available at: https://www.paraanaliz.com/2022/yazarlar/doc-dr-evren- bolgun/doc-dr-evren-bolgun-rusya-ukrayna-savasinin-dunya-ve-turkiye-ekonomilerine-etkileri-g-26230/, accessed 20 March 2022.

[5]. Bolgun, D. (2022). “Para Analiz”, available at: https://www.paraanaliz.com/2022/yazarlar/doc-dr-evren- bolgun/doc-dr-evren-bolgun-rusya-ukrayna-savasinin-dunya-ve-turkiye-ekonomilerine-etkileri-g-26230/, accessed 20 March 2022.

[6]. Economic Intelligence. (2022). Global Economic Implications of Russia-Ukraine War available at: https://www.eiu.com/n/global-economic-implications-of-the-russia-ukraine-war/, accessed 1 April 2022.

[7]. Cohen, P., & Ewing, J. (2022, February 21). What’s at stake for the Global Economy as Conflict Looms in Ukraine. The New York Times. Retrieved February 28, 2022, from https://www.nytimes.com/2022/02/21/business/economy/Russia-Ukraine-economy.html

[8]. Boone, L., Cormann, M. (2022). Economic and Social Impacts and Policy Implications of the War in Ukraine. available at: https://www.oecd-ilibrary.org/sites/4181d61b- en/index.html?itemId=/content/publication/4181d61b-en, accessed 26 March 2022.

[9]. Ivanova, I. (2022, February 25). How the Ukraine crisis is already hitting Americans’ wallets. CBS News. Retrieved February 27, 2022, from https://www.cbsnews.com/news/Russia-Ukraine-invasion-economic-impact-united- states/

[10]. Egan, M. (2022, February 24). Why the Russian invasion will have huge economic consequences for American families. CNN. Retrieved February 27, 2022, from https://www.cnn.com/2022/02/16/economy/russia-ukraine- economy-inflation/index.html

[11]. Wiseman, P. (2022, March 2). Economic dangers from Russia’s invasion ripple across Globe. AP NEWS. Retrieved March 4, 2022, from https://apnews.com/article/russia-ukraine-vladimir-putin-coronavirus-pandemic- business-health-9478a9825c9abfde5f6505bd34b2998c

Cite this article

Wu,H. (2023). Analysis on the Impact of the Russia-Ukraine War on Russia. Lecture Notes in Education Psychology and Public Media,22,8-13.

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About volume

Volume title: Proceedings of the International Conference on Global Politics and Socio-Humanities

ISBN：978-1-83558-123-0(Print) / 978-1-83558-124-7(Online)
Editor：Enrique Mallen, Javier Cifuentes-Faura
Conference website: https://www.icgpsh.org/
Conference date: 13 October 2023
Series: Lecture Notes in Education Psychology and Public Media
Volume number: Vol.22
ISSN：2753-7048(Print) / 2753-7056(Online)

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References

[1]. Dragneva-Lewers, R., & Wolczuk, K. (2016). Ukraine between the Eu and Russia: The Integration Challenge. Palgrave Macmillan UK.

[2]. World Bank. (2022). “War in the Region” Europe and Central Asia Economic Update”, available at: https://openknowledge.worldbank.org/handle/10986/37268, accessed 27 March 2022.

[3]. Ebru O. (2022) The Effects of The Russia-Ukraine War on Global Trade Journal of International Trade, Logistics and Law, 8(1), 141-146.

[4]. Bolgun, D. (2022). “Para Analiz”, available at: https://www.paraanaliz.com/2022/yazarlar/doc-dr-evren- bolgun/doc-dr-evren-bolgun-rusya-ukrayna-savasinin-dunya-ve-turkiye-ekonomilerine-etkileri-g-26230/, accessed 20 March 2022.

[5]. Bolgun, D. (2022). “Para Analiz”, available at: https://www.paraanaliz.com/2022/yazarlar/doc-dr-evren- bolgun/doc-dr-evren-bolgun-rusya-ukrayna-savasinin-dunya-ve-turkiye-ekonomilerine-etkileri-g-26230/, accessed 20 March 2022.

[6]. Economic Intelligence. (2022). Global Economic Implications of Russia-Ukraine War available at: https://www.eiu.com/n/global-economic-implications-of-the-russia-ukraine-war/, accessed 1 April 2022.

[7]. Cohen, P., & Ewing, J. (2022, February 21). What’s at stake for the Global Economy as Conflict Looms in Ukraine. The New York Times. Retrieved February 28, 2022, from https://www.nytimes.com/2022/02/21/business/economy/Russia-Ukraine-economy.html

[8]. Boone, L., Cormann, M. (2022). Economic and Social Impacts and Policy Implications of the War in Ukraine. available at: https://www.oecd-ilibrary.org/sites/4181d61b- en/index.html?itemId=/content/publication/4181d61b-en, accessed 26 March 2022.

[9]. Ivanova, I. (2022, February 25). How the Ukraine crisis is already hitting Americans’ wallets. CBS News. Retrieved February 27, 2022, from https://www.cbsnews.com/news/Russia-Ukraine-invasion-economic-impact-united- states/

[10]. Egan, M. (2022, February 24). Why the Russian invasion will have huge economic consequences for American families. CNN. Retrieved February 27, 2022, from https://www.cnn.com/2022/02/16/economy/russia-ukraine- economy-inflation/index.html

[11]. Wiseman, P. (2022, March 2). Economic dangers from Russia’s invasion ripple across Globe. AP NEWS. Retrieved March 4, 2022, from https://apnews.com/article/russia-ukraine-vladimir-putin-coronavirus-pandemic- business-health-9478a9825c9abfde5f6505bd34b2998c

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