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...
