9
/10 Severity
Russia-Ukraine War Economic Impact
war
Feb 2022
Ongoing
GDP Impact
-2.0%
Countries Affected
60
Duration
46.130236693425+ months
Recovery
- months
Description
The Russian invasion of Ukraine caused a major global economic shock, particularly affecting energy and food markets. Unprecedented Western sanctions on Russia.
Causes
Russian military invasion of Ukraine, geopolitical tensions.
Consequences
Energy crisis in Europe, food price spikes, Russian economic sanctions, Ukrainian GDP collapsed 30%, refugee crisis, supply chain disruptions.
Country Impacts
| Country | GDP Loss | Unemployment + | Duration | Recovery |
|---|---|---|---|---|
| 🇺🇦 Ukraine | 30.0% | +20.0% | 36 mo | - |
| 🇷🇺 Russia | 3.0% | +1.0% | 24 mo | - |
| 🇩🇪 Germany | 1.5% | +0.5% | 18 mo | 24 mo |
| 🇵🇱 Poland | 0.5% | +0.2% | 12 mo | 24 mo |
Quick Facts
- Event Type
- war
- Start Date
- Feb 24, 2022
- Peak Year
- 2022