Macroeconomic and energy impacts of Russia’s invasion of Ukraine: A comparative analysis across countries

The 2022 Russian invasion of Ukraine has triggered profound economic and energy-related consequences, reshaped global priorities, and exposed systemic vulnerabilities. The current study aimed to examine pre- and post-invasion trends in key economic and energy indicators for a diverse set of countrie...

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Main Author: Viktoriia Koilo
Format: Article
Language:English
Published: LLC "CPC "Business Perspectives" 2024-12-01
Series:Geopolitics under Globalization
Online Access:https://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/21244/GG_2023–2024_01_Koilo.pdf
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author Viktoriia Koilo
author_facet Viktoriia Koilo
author_sort Viktoriia Koilo
collection DOAJ
description The 2022 Russian invasion of Ukraine has triggered profound economic and energy-related consequences, reshaped global priorities, and exposed systemic vulnerabilities. The current study aimed to examine pre- and post-invasion trends in key economic and energy indicators for a diverse set of countries: Ukraine and Russia as directly involved parties; the European Union, the United States, and the United Kingdom as supporters of Ukraine; and China, India, and Türkiye as neutral actors maintaining economic ties with Russia. Using structural time series analysis over the period 2000–2023, the analysis maps economic booms and busts by identifying cycle deviations through a Hodrick-Prescott filter. The findings reveal significant variations in the conflict’s impact, highlighting disruptions in GDP growth, energy systems, and trade dynamics across regions. The study underscores how the war has accelerated energy transitions, redefined global economic resilience, and reshaped international economic and political relationships.
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spelling doaj-art-e217d6813ec04ba3b745846577c6a54d2025-08-20T01:57:54ZengLLC "CPC "Business Perspectives"Geopolitics under Globalization2543-54932543-98202024-12-0151193410.21511/gg.05(1).2024.0221244Macroeconomic and energy impacts of Russia’s invasion of Ukraine: A comparative analysis across countriesViktoriia Koilo0https://orcid.org/0000-0001-7953-9970Ph.D., Associate Professor, NTNU i Ålesund, NorwayThe 2022 Russian invasion of Ukraine has triggered profound economic and energy-related consequences, reshaped global priorities, and exposed systemic vulnerabilities. The current study aimed to examine pre- and post-invasion trends in key economic and energy indicators for a diverse set of countries: Ukraine and Russia as directly involved parties; the European Union, the United States, and the United Kingdom as supporters of Ukraine; and China, India, and Türkiye as neutral actors maintaining economic ties with Russia. Using structural time series analysis over the period 2000–2023, the analysis maps economic booms and busts by identifying cycle deviations through a Hodrick-Prescott filter. The findings reveal significant variations in the conflict’s impact, highlighting disruptions in GDP growth, energy systems, and trade dynamics across regions. The study underscores how the war has accelerated energy transitions, redefined global economic resilience, and reshaped international economic and political relationships.https://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/21244/GG_2023–2024_01_Koilo.pdf
spellingShingle Viktoriia Koilo
Macroeconomic and energy impacts of Russia’s invasion of Ukraine: A comparative analysis across countries
Geopolitics under Globalization
title Macroeconomic and energy impacts of Russia’s invasion of Ukraine: A comparative analysis across countries
title_full Macroeconomic and energy impacts of Russia’s invasion of Ukraine: A comparative analysis across countries
title_fullStr Macroeconomic and energy impacts of Russia’s invasion of Ukraine: A comparative analysis across countries
title_full_unstemmed Macroeconomic and energy impacts of Russia’s invasion of Ukraine: A comparative analysis across countries
title_short Macroeconomic and energy impacts of Russia’s invasion of Ukraine: A comparative analysis across countries
title_sort macroeconomic and energy impacts of russia s invasion of ukraine a comparative analysis across countries
url https://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/21244/GG_2023–2024_01_Koilo.pdf
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