Global Economic Impacts of the Ukraine-Russia Conflict
The crisis in Ukraine began Februrary-24 2022. The information from this infographic is from April-25 2022. Although the situation is evolving at a rapid pace, we hope this information provides clarity to the magnitude of the crisis. At the moment the Ukraine-Russia conflict affects over 100 countries and the impact may last for a generation. We used credible sources to unpack the economic implications of the crisis and map the scope of the involvement. Of the countries are affected by the conflict, 84 of them are represented in the scope of our infographic that illustrates top importers and exporters, military aid, migrant flow, corporate strategies, sanctions and how food and fuel are affected. Click the image above. Zoom in on a region by double clicking. If you are having trouble zooming in click here for the full image. Check out the sources here: By The Numbers #1: The Ukraine-Russia Conflict.
Top Importers and Exporters
We examined Ukraine’s and Russia’ top 5 imports and exports, as well as the top 3 countries that buy or supply each commodity. Interestingly, China is the largest suppliers and buyers for both countries. This data was sourced from the UN Comtrade database using 2021 figures.
Military Aid and Support
We highlighted the types of military aid provided to Ukraine since the crisis. Moreover, we looked at which countries showed open support for Russia after the February 24, 2022 attacks, as well as the countries that did not openly condemn the attacks in a UN resolution.
Migration from Ukraine
We observed the migration flows out of Ukraine since the conflict as reported by the UN High Commission for Refugees. Poland shows the most significant intake of migrants being west of the Ukrainian border, with Romania having the second most on the southern border.
Sanctions on Russia
We noted which countries imposed sanctions on Russia after the attack, and the types of sanctions including international flows, individual sanctions, energy, airlines, media, shipping, and electronics based on tracking from Reuters.
Corporate Strategies in Russia
After the attacks, a multitude of companies decided to take action. We sourced data from Yale’s Jeffrey Sonnenfeld and his research team on various strategies whether companies decided to leave Russia, limit their activities, or operate with business as usual.
A Story of Food & Fuel
Ultimately, we found that the global economic implications of the Ukraine-Russia crisis is a story of food and fuel, where power dynamics play an effect on dependent countries as well as commodity prices. The EU is especially vulnerable to its dependence on wheat and oil.
Continuing the Conversation
This is only the beginning of By The Numbers, as well our continued pursuit to the inform the public. If you have any inquiries regarding this infographic, you can contact info@aletheia-research.org. Furthermore, we are active on our LinkedIn page and welcome thoughtful, informative discussion.