Economic Consequences and Implications of the Ukraine-Russia War

Madina Khudaykulova, He Yuanqiong and Akmal Khudaykulov
Additional contact information
Madina Khudaykulova: School of Management, Huazhong University of Science and Technology, China
He Yuanqiong: School of Management, Huazhong University of Science and Technology, China
Akmal Khudaykulov: School of Management, Huazhong University of Science and Technology, China

International Journal of Management Science and Business Administration, 2022, vol. 8, issue 4, 44-52

Abstract: Since the end of the Cold War, the sanctions against Russia have been the harshest and most costly imposed on a major economy. They appear to be unprecedented in terms of speed, breadth, and global coordination. The latest situation heightens the sense of danger that comes with cross-border financial and operational vulnerability. Even if future oil and gas embargoes are imposed, the economy of Russia will rest on its current export strategy, which may be tough to weaken. The important factors to take into account at the onset of the war are the opportunity cost of military investment, the humanitarian loss of the financial system, and the burden of repairing post-war damage. In this paper we review the economic impact of war, and discuss the potential implications of the Russia Ukraine war on the local and global economies. Overall, there are human costs of war along with the economic influences like building, devastation, inflation, limitation of services debt increase, and daily economic life.

Keywords: Ukraine-Russia war; Economic consequences of war; implications of the Ukraine-Russia war; Reducing energy reliance; Consequences of war (search for similar items in EconPapers)
JEL-codes: M00 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
https://researchleap.com/wp-content/uploads/2022/0 ... e_Ukraine_Russia.pdf (application/pdf)
https://researchleap.com/economic-consequences-and ... -ukraine-russia-war/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mgs:ijmsba:v:8:y:2022:i:4:p:44-52

DOI: 10.18775/ijmsba.1849-5664-5419.2014.84.1005

Access Statistics for this article

More articles in International Journal of Management Science and Business Administration from Inovatus Services Ltd.
Bibliographic data for series maintained by Bojan Obrenovic ().