Economic impact of the Russia-Ukraine war

Statista trend report on the economic impact of the Russian invasion of Ukraine (as of August 2024)

Economic impact of the Russia-Ukraine war

Russia’s invasion of Ukraine, which began on February 24, 2022, shook the global economy. The war resulted in trade disruptions with Russia and Ukraine, a refugee crisis, and a decline in investor confidence in both countries. Over 40 territories have sanctioned Russia’s financial and economic sector, trade of selected commodities, and individuals and entities affiliated with the government.

While the war continues, this report presents the latest estimates on its impact on the global, Russian, and Ukrainian economies, as well as on selected industries affected by the war and the sanctions imposed on Russia.

Table of contents

Overview

  • Historic overview
  • Humanitarian crisis
  • Infrastructure costs
  • Foreign aid to Ukraine
  • Russia's and Ukraine's militaries

Economic outlook
  • GDP growth
  • Inflation
  • Military budgets in Europe
  • Russia's and Ukraine's economies
  • CCA economic growth

Sanctions on Russia
  • Sanctions overview
  • Frozen assets
  • Trade rerouting
  • Russia's new trade partners
  • Russian countermeasures

Impact on selected industries
  • Most impacted industries
  • Commodity prices
  • Russia's and Ukraine's roles in global trade
  • Ukraine's agricultural exports
  • Russian export industries

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