Socio-economic impact of Russia invasion of Ukraine – Lessons for African states
Socio-economic impact of Russia invasion of Ukraine; Lessons for African states
On February 24, Russia invaded Ukraine, casting a long shadow across Africa, as it did throughout the rest of the world. Despite their physical separation, Ukraine and Africa have strong ties, with over 8,000 Moroccans and 4,000 Nigerians studying in Ukraine and Ukraine sending more than $4 billion to Africa.
While some African countries may benefit from a shift in global markets away from Russia as a result of the crisis, the immediate economic consequences are troubling, and the implications for pan-African solidarity and commitment to multilateralism are becoming increasingly doubtful.
BENEFITS FOR NATURAL RESOURCES EXPORTERS
Numerous countries view the crisis as an opportunity for long-term growth. Natural gas from Africa, in particular, has the potential to...
