ECONOMIC IMPACT OF THE RUSSIAN-UKRAINIAN WAR ON THE EUROPEAN UNION

Abstract

he Russian-Ukrainian war, which intensified in 2022, has had profound and far-reaching consequences for the European Union (EU). This paper explores the multi-dimensional social and economic impacts of the conflict on the EU, including energy security challenges, inflationary pressures, trade disruptions, and the large-scale migration crisis. The paper provides a comprehensive analysis of these impacts, supported by an extensive review of literature and economic data, and discusses the potential long-term implications for the EU. The conclusion addresses policy responses and suggests directions for future research that could provide deeper insights into the evolving consequences of this conflict.