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Russian-Ukrainian War Affects Ruble and Dollar

In: Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)

Author

Listed:
  • Shuyan Jin

    (Muma College of Business, University of South Florida)

Abstract

The Russian war broke out in 2022 and the war made two countries, Russia and Ukraine, a threat to the world supply chain system. A shortage of world resources occurred. Inflation occurs in most countries. The analysis of the situation helps investors to solve the problem of excessive investment risks. Russia supplies oil and gas to countries such as Europe. Ukraine is a supplier of agricultural resources, etc. to many parts of the world. Due to war problems, these resources were cut off. The increase in oil prices leads to the increase of related products together. Due to the war between Russia and Ukraine, the Russian side has adopted the practice of using only the Ruble for trade transactions with the Russian side to solve the economic problems. Exchange rate problems affected many companies after the war started. The article helps investors to understand the market situation and analyse the form of investments and avoid investment risks.

Suggested Citation

  • Shuyan Jin, 2022. "Russian-Ukrainian War Affects Ruble and Dollar," Advances in Economics, Business and Management Research, in: Faruk Balli & Au Yong Hui Nee & Sikandar Ali Qalati (ed.), Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022), pages 383-389, Springer.
  • Handle: RePEc:spr:advbcp:978-94-6463-052-7_44
    DOI: 10.2991/978-94-6463-052-7_44
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    Cited by:

    1. Hoje Jo & Olivia Venderby, 2024. "Russia¡¯s Invasion of Ukraine and Implications for the Ukrainian Hryvnia and the Russian Ruble," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 15(3), pages 54-68, July.

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