Global geopolitical risks have soared since Russia’s invasion of Ukraine. The Ukraine conflict has disrupted trade and investment flows, increased geopolitical tensions, and raised concerns about energy security and the stability of the global financial system. The war in Ukraine has triggered global ripple effects through multiple channels, including commodity, trade, and financial flows. One of the most immediate impacts of the war has been on trade flows. The conflict has led to the imposition of sanctions and counter-sanctions by Russia and Western countries, which have disrupted trade and investment flows between Russia and the West. This has increased uncertainty and volatility in financial markets, the conflict has highlighted the potential for cross-border spillovers and contagion effects. Several countries in the region have also been affected by the conflict due to their proximity to the conflict zone, which has led to disruptions in transportation and supply
Keyword:Geopolitical Tension, Recession, Global Inflation, Crises, Disruption of Trade
Justin-Damien Guénette, Philip Kenworthy, & Collette Wheeler