Russia’s War in Ukraine: Consequences for European Countries’ Businesses and Economies

Journal of Risk and Financial Management 15: 295, 2022, https://doi.org/10.3390/jrfm15070295

15 Pages Posted: 27 Jul 2022

Date Written: July 2, 2022

Abstract

Companies and countries have needed to adapt their activities to the consequences of the Russian war in Ukraine. The analysis in this article shows that both the Russian war in Ukraine and the subsequent trade restrictions have become a powerful trigger, significantly increasing the level of inflation and exacerbating the existing issues of economies. As a result, the confrontation between the West and Russia has greatly escalated, which will have a long-term, large-scale negative impact on most European companies and economies. There could also be a lasting restructuring of world trade. The article notes that not only the end date of the war in Ukraine may be important for business and economies, but also which of the trade and financial restrictions can be lifted from Russia, and when. The article also makes recommendations that may help company leaders plan, in a timelier and more accurate fashion, the changes necessary to maintain company sustainability

Keywords: War in Ukraine; Europe; consequences; economy; business; companies; embargo

JEL Classification: G12; G14; G15

Suggested Citation

Prohorovs, Anatolijs, Russia’s War in Ukraine: Consequences for European Countries’ Businesses and Economies (July 2, 2022). Journal of Risk and Financial Management 15: 295, 2022, https://doi.org/10.3390/jrfm15070295, Available at SSRN: https://ssrn.com/abstract=4154789

Anatolijs Prohorovs (Contact Author)

RISEBA University ( email )

Meza iela 3
Riga, LV-1048
Latvia

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