The Impact of the Ukrainian War on the World Economy

Abstract

This paper constitutes a study on the consequences of the Ukrainian war on the global economy. The aim of this article is to elucidate the impacts of the Ukrainian war on the world economy and identify the country’s most dependent on Russian and Ukrainian wheat. The results of this article indicate that the war has several effects on international markets and global growth. In this regard, we propose the continued diversification of supply sources and, whenever feasible, the preservation of national sovereignty in sensitive domains like food production.