Consequences on Global Market from Invasion of Ukraine and Sanctions on Russia

Abstract

This paper presents the consequences on economy due to Russian invasion of Ukraine and economic sanction on Russia on case of invasion. This research paper written during the event, which means information trustworthiness or accuracy could come in question. Russia being 13th largest economy and resource export oriented economy and Ukraine being unable to produce anything near their normative level means global market is being affected heavily. Food and energy shortage already propping up at this stage and recent and ongoing pandemic put huge strain on governments and individuals across the globe. In my research I conclude that due impact of war is far from over or at it’s highest, except for Ukraine, and more instability could be instigated by events and it is possible positive feedback for more trade and economic disruption.