The Impact of the Russia Ukraine Conflict

With the Ukraine war, which is considered one of the main milestones in recent world history, some of the main principles of international politics and the discourses that accompany it have changed. The previous milestone was the 9/11 terrorist attacks against U.S. hegemony. With the Russian invasion of Ukraine, the period of “the global war on terror” that began with the 9/11 terrorist attacks is now over. The “global rivalry between global powers” is on the rise, and the U.S., Russia and China are the main players in the new period. What are the likely economic consequences of Russia’s invasion of Ukraine and the responses by the international community?