"Russia-Ukraine War: The Storm That Shook the Global Economy"
The Russia-Ukraine War became a major crisis and conflict that attracted the attention of not only Eastern Europe but the entire world. But this had major implications not only for the parties to the war, but also for the global economy.
With the start of the war, there were interruptions in the supply of Russian natural gas to Europe. This has led to skyrocketing energy prices, eroding Europe's energy security. The European Union (EU) has accelerated its efforts to reduce energy dependency and turn to alternative sources. The USA, on the other hand, has become a more effective player in the global energy balance by increasing its liquefied natural gas (LNG) exports.
Ukraine is known as the world's grain warehouse, and with the outbreak of war, grain production and exports were greatly disrupted. This affected the global food market and increased prices. The rise in prices of basic food items, especially wheat and corn, has led to food crises in many parts of the world.
With the outbreak of the war, many countries began to supply weapons and defense materials to Ukraine. Western countries, led by the USA, revitalized the arms industry by providing large amounts of arms aid to Ukraine. This allowed defense industry companies to increase their production capacity and increase employment.
With the beginning of the Russia-Ukraine War, Russia was excluded from global financial markets. Western countries imposed sanctions against Russia, limiting Russia's access to the international trade and financial system. This caused the Russian economy to suffer greatly and the country experienced difficulties with its foreign debt.
As a result of the war, some fundamental transformations took place in the global economy. US influence in Europe increased again and Western countries began to cooperate more closely. Additionally, Russia's economic dependence on China deepened, and these two countries began to cooperate more.
As a result, the Russia-Ukraine War deeply affected not only Eastern Europe, but the entire world economy. Effects such as energy crisis, food crisis, arms industry revival and economic isolation have led to permanent changes in the global economy. This shows that war has become more than just a military conflict, it has become a factor shaping the global economy.