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...

The Impact of the Russian Invasion of Ukraine on the Economic Strength of Ukraine

The Impact of the Russian Invasion of Ukraine on the Economic Strength of Ukraine CHAPTER ONE INTRODUCTION 1.1       Background of the study According to Benkovskis (2022) twenty-five years after the collapse of the Iron Curtain, the current acute crisis in Russian-Western ties is not only a tremendous setback, but it is also escalating into a hazardous geopolitical clash. The conflict's economic ramifications are as serious: not just for Russia (and, of course, first and foremost for Ukraine), but also for Europe's still-fragile economic recovery (Brill,2022). The conflict's ramifications stymie desperately needed investments and GDP development in Russia, which was already "locked in transition and stagnation" before the present crisis occurred, as well as economic reform and modernization...
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