IDEAS home Printed from https://ideas.repec.org/a/gam/jjrfmx/v15y2022i7p295-d854728.html
   My bibliography  Save this article

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

Author

Listed:
  • Anatolijs Prohorovs

    (Faculty of Business and Economics, RISEBA University of Applied Sciences, 3 Meža Street, LV-1048 Riga, Latvia)

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.

Suggested Citation

  • Anatolijs Prohorovs, 2022. "Russia’s War in Ukraine: Consequences for European Countries’ Businesses and Economies," JRFM, MDPI, vol. 15(7), pages 1-15, July.
    • Handle: RePEc:gam:jjrfmx:v:15:y:2022:i:7:p:295-:d:854728
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1911-8074/15/7/295/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1911-8074/15/7/295/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Rodrik, Dani & Ash, Elliott & Mukand, Sharun, 2021. "Economic Interests, Worldviews, and Identities: Theory and Evidence on Ideational Politics," CEPR Discussion Papers 16699, C.E.P.R. Discussion Papers.
    2. Elbahnasawy, Nasr G. & Ellis, Michael A., 2022. "Inflation and the Structure of Economic and Political Systems," Structural Change and Economic Dynamics, Elsevier, vol. 60(C), pages 59-74.
    3. Otaviano Canuto, 2022. "War in Ukraine and Risks of Stagflation," Policy notes & Policy briefs 1974, Policy Center for the New South.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Florin Aliu & Jiří Kučera & Simona Hašková, 2023. "Agricultural Commodities in the Context of the Russia-Ukraine War: Evidence from Corn, Wheat, Barley, and Sunflower Oil," Forecasting, MDPI, vol. 5(1), pages 1-23, March.
    2. Katarzyna Karakiewicz-Krawczyk & Krzysztof Zdziarski & Marek Landowski & Agnieszka Nieradko-Heluszko & Artur Kotwas & Paweł Szumilas & Anna Knyszyńska & Beata Karakiewicz, 2022. "The Opinions of Poles about the Need to Provide Humanitarian Aid to Refugees from the Area Covered by the Russian–Ukrainian War," IJERPH, MDPI, vol. 19(20), pages 1-14, October.
    3. Charalampos Basdekis & Apostolos Christopoulos & Ioannis Katsampoxakis & Vasileios Nastas, 2022. "The Impact of the Ukrainian War on Stock and Energy Markets: A Wavelet Coherence Analysis," Energies, MDPI, vol. 15(21), pages 1-15, November.
    4. Tetiana Shkoda & Oleksandr Savych, 2022. "Transformation Of Marketing In Wartime And Postwar," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 8(5).
    5. Oleh Semenenko & Maryna Sliusarenko & Andrii Onofriichuk & Vitalii Onofriichuk & Artem Remez, 2024. "Impact of the Russian–Ukrainian War on the National Economy of Russia," Journal of Interdisciplinary Economics, , vol. 36(1), pages 41-57, January.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hefeker, Carsten, 2022. "Policy coordination under model disagreement and asymmetric shocks," Economic Modelling, Elsevier, vol. 114(C).
    2. Peter Andre & Ingar Haaland & Christopher Roth & Johannes Wohlfart, 2021. "Narratives about the Macroeconomy," ECONtribute Discussion Papers Series 127, University of Bonn and University of Cologne, Germany.
    3. Otaviano Canuto, 2022. "Emerging economies, global inflation, and growth deceleration," Policy notes & Policy briefs 1977, Policy Center for the New South.
    4. Fahim Marhubi, 2023. "Impact of Gender Discrimination Laws on Inflation: Evidence from Panel Data," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 29(3), pages 99-109, August.
    5. Sergio Mariotti, 2022. "A warning from the Russian–Ukrainian war: avoiding a future that rhymes with the past," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 49(4), pages 761-782, December.
    6. Madhusmita Bhadra & M. Junaid Gul & Gyu Sang Choi, 2023. "Implications of war on the food, beverage, and tobacco industry in South Korea," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-8, December.
    7. Aleksy Kwilinski & Nataliya Dalevska & Vyacheslav V. Dementyev, 2022. "Metatheoretical Issues of the Evolution of the International Political Economy," JRFM, MDPI, vol. 15(3), pages 1-14, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jjrfmx:v:15:y:2022:i:7:p:295-:d:854728. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.