2022 Russian Ukraine War and its Impact on World Economy In the spring of 2022, war broke out between Russian Federation and Ukraine. At first, it was the conflict between Russian pro-government activists and forces loyal to Kiev government, but soon the USA backed up their ally by imposing sanctions on Russia. Russian Federation’s reaction followed quickly. It excluded all Ukrainian goods from Russia and also prohibited imports of several goods from other countries that supported sanctions against Russia. The total UN trade value dropped by 32% by mid-2022. The Russian Ukraine War in 2022 will impact on World Economy. This was inferred from a scientific review of the political situation in the Russia and Ukraine. We predict a serious deterioration in global economic growth rates in the first half of 2022 owing to the disruption of many important transport routes, which would inevitably lead to the rise of prices for various commodities, including energy resources. Several co...
