Russia’s Invasion of Ukraine and its Impact on Global Geopolitics
Keywords:
Russia, Ukraine, Invasion, Geopolitics, International relations
Abstract
On February 24, 2022, Russia attacked Ukraine. Here as consequence, Russia was subjected to a slew of international sanctions aimed at pressuring it to de-escalate the issue. Even though the economic sanctions issued against Russia were designed to harm this country, all of them had unintended consequences on the economic system of the world, essentially due to global supply chains disruptions. Power, commodities, as well as commerce flow disruptions emerged from the military attacks. Such issue resulted in energy costs got much higher, commodity prices, as well as food prices, all of which contributed to greater inflation on a worldwide scale in several nations. Despite the fact that many attempts of negotiation were created in resolving the conflict between Ukraine and Russia, its political, social, and economic impacts lasted in numerous countries of Europe and other regions around the world.
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References
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2. Bluszcz, J., & Valente, M. (2019). The war in Europe: Economic costs of the Ukrainian conflict.
3. Casier, T. (2011). The Rise of Energy to the Top of the EU-Russia Agenda: From Interdependence to Dependence? Geopolitics, 16(3), 536–552. https://doi.org/10.1080/14650045.2011.520862
4. Chassang, S., & i Miquel, G. P. (2009). Economic shocks and civil war. Quarterly Journal of Political Science, 4(3), 211-28.
5. Collier, P. (1999). On the economic consequences of civil war. Oxford economic papers, 51(1),168-183.
6. Dreger, C., Kholodilin, K. A., Ulbricht, D., & Fidrmuc, J. (2016). Between the hammer and the anvil: The impact of economic sanctions and oil prices on Russia’s ruble. Journal of Comparative Economics, 44(2), 295-308.
7. Dreyer, I., Erixon, F., & Winkler, R. (2010). The quest for gas market competition fighting Europe’s dependency on Russian gas more effectively (Research Report No. 1/2010). ECIPE Occasional Paper. https://www.econstor.eu/handle/10419/174707.
8. European Parliament, Directorate-General for External Policies of the Union, Korteweg, R. (2018). Energy as a tool of foreign policy of
authoritarian states, in particular Russia. European Parliament.
https://data.europa.eu/doi/10.2861/219796
9. European Union (2011) A New Response to a Changing Neighborhood. Brussels: European Union. Available at: http://eeas.europa.eu/enp/pdf/pdf/com_11_303_en.pdf.
10. Ganegodage, K. R., & Rambaldi, A. N. (2014). Economic consequences of war: Evidence from Sri Lanka. Journal of Asian Economics, 30, 42-53.
11. Glick, R., & Taylor, A. M. (2010). Collateral damage: Trade disruption and the economic impact of war. The Review of Economics and Statistics, 92(1), 102-127.
12. Gower, J. and Timmins G. (eds) (2011) The European Union, Russia and the Shared Neighbourhood. London: Routledge. Also a special issue of Europe-Asia Studies (2009) 61(10).
13. Gretsky, I. et al. (2014) ‘Russia’s perceptions and misperceptions of the EU Eastern Partnership,’ Journal of Communist and Post-Communist Studies, 47 (3-4), pp. 375-383.
14. Havlik, P. (2014). Economic consequences of the Ukraine conflict (No. 14). Policy Notes and Reports.
15. Heydemann, S. (2018). Civil war, economic governance & state reconstruction in the Arab Middle East. Dædalus, 147(1), 48-63.
16. Högselius, P., & Kaijser, A. (2019). Energy dependence in historical perspective: The geopolitics of smaller nations. Energy Policy, 127, 438–444. https://doi.org/10.1016/j.enpol.2018.12.025
17. Hoffmann, M., & Neuenkirch, M. (2017). The pro-Russian conflict and its impact on stock returns in Russia and the Ukraine. International Economics and Economic Policy, 14(1), 61-73.
18. Jirušek, M., & Kuchyňková, P. (2018). The Conduct of Gazprom in Central and Eastern Europe: A Tool of the Kremlin, or Just an Adaptable Player? East European Politics and Societies, 32(4), 818–844. https://doi.org/10.1177/0888325417745128
19. Kang, S., & Meernik, J. (2005). Civil war destruction and the prospects for economic growth. The Journal of Politics, 67(1), 88-109.
20. Kesternich, I., Siflinger, B., Smith, J. P., & Winter, J. K. (2014). The effects of World War II on economic and health outcomes across Europe. Review of Economics and Statistics, 96(1), 103-118.
21. Korosteleva, E.(ed.) (2012) Eastern Partnership: A New Opportunity for the Neighbours? London: Routledge. Also a special issue of The Journal of Communist Studies and Transition Politics, (2011) 27(1)
22. Korosteleva, E. et al. (eds) (2014) EU Policies in the Eastern Neighbourhood: The Practices Perspective. London: Routledge. Also a special issue of East European Politics, (2013) 29(3).
23. Koubi, V. (2005). War and economic performance. Journal of Peace Research, 42(1), 67-82.
24. Lough, J. (2014) ‘Ukraine crisis prompts a sea change in Germany’s Russia policy,’ Chatham House, 24 November. Available at: http://www.chathamhouse.org/expert/comment/16320?dm_i=1TYG,30AET,BLOMTE,ATMQX,1#sthas h.lWFC1y0J.dpuf.
25. Liefert, W. M., Liefert, O., Seeley, R., & Lee, T. (2019). The effect of Russia’s economic crisis and import ban on its agricultural and food sector. Journal of Eurasian Studies, 10(2), 119-135.
26. Mankoff, J.(2011) Russia: The Return of Great Power Politics. Lanham, MD: Rowman and Littlefield
27. Malyarenko, T., & Wolff, S. (2018). The logic of competitive influence-seeking: Russia, Ukraine, and the conflict in Donbas. Post-Soviet Affairs, 34(4), 191-212.
Mankoff, J. (2014). Russia's latest land grab: How Putin won Crimea and lost Ukraine. Foreign Affairs., 93, 60.
28. Mazower, M. (1991). Greece and the inter-war economic crisis. OUP Catalogue.
29. Nordhaus, W. D. (2002). The economic consequences of a war in Iraq. https://econpapers.repec.org/paper/nbrnberwo/9361.htm
30. Oualaalou, D., 2020. The Dynamics of Russia's Geopolitics: Remaking the Global Order. Cham: Springer International Publishing AG.
31. Ozili, P. K., & Arun, T. (2020). Spillover of COVID-19: impact on the Global Economy. Available at SSRN 3562570.
32. Poitiers, N., Tagliapietra, S., Wolff, G., & Zachmann, G. (2022). The Kremlin’s Gas Wars. https://www.foreignaffairs.com/articles/russian-federation/2022-02-27/kremlins-gas-wars.
33. Polak, P. (2015). Europe’s Low Energy. https://www.foreignaffairs.com/ articles/western-europe/2015-09-09/europes-low-energy. Accessed 4 March 2022
34. Polak, P. (2017). The Trouble with Nord Stream 2. https://www.foreignaffairs.com/articles/europe/2017-08-23/trouble-nord-stream-2.
35. Pop, V. (2009) ‘EU expanding its ‘sphere of influence,’ Russia says,’ EU Observer, March 21. Available at: http://euobserver.com/foreign/27827.
36. Samokhvalov, V. (2015). Ukraine between Russia and the European Union: triangle revisited. Europe-Asia Studies, 67(9), 1371-1393.
37. Simes, D. (2014) ‘An interview with Sergei Glazyev,’ The National Interest, 24 March. Available at: http://nationalinterest.org/commentary/interview-sergey-glazyev-10106.
38. Sharples, J. D. (2016). The Shifting Geopolitics of Russia’s Natural Gas Exports and Their Impact on EU-Russia Gas Relations. Geopolitics, 21(4), 880–912. https://doi.org/10.1080/14650045.2016.1148690
39. Siddi, M. (2018). The Role of Power in EU–Russia Energy Relations: The Interplay between Markets and Geopolitics. Europe-Asia Studies, 70(10), 1552–1571. https://doi.org/10.1080/09668136.2018.1536925
40. Siddi, M. (2020). EU-Russia Energy Relations. https://doi.org/10.1007/ 978-3-319-73526-9_54-1
41. Shelest, H. (2015). After the Ukrainian crisis: Is there a place for Russia? Southeast European and Black Sea Studies, 15(2), 191-201.
42. Stent, A. E. (2014) The Limits of Partnership. US-Russian Relations in the 21st Century. Princeton University Press.
43. Stukalo, N., & Simakhova, A. (2018). Social and economic effects of the war conflict in Ukraine for Europe. Geopolitics under Globalization, 2(1), 11-18.
44. Trenin, D. (2014) ‘Russia’s breakout from the post-cold war system,’ Carnegie Endowment, 22 December. Available at: http://carnegie.ru/2014/12/22/russia-s-breakout-from-post-cold-war-system-drivers-of-putin-s-course/hxsm
45. Wang, W. (2015). Impact of Western Sanctions on Russia in the Ukraine Crisis. Journal of Politics and Law, 8, 1.
46. Welt, C., (2022). Recent developments in the Russia-Ukraine conflict. Washington, D.C: Congressional Research Service.
47. Wilson, A. (2014) ‘Ukraine’s 2014: a belated 1989 or another failed 2004?’ Open Democracy, 18 February. Available at: https://www.opendemocracy.net/od-russia/andrew wilson/ukraine%E2%80%99s-2014-belated-1989-or-anotherfailed-2004.
Published
2022-06-30
How to Cite
Tampubolon, M. (2022). Russia’s Invasion of Ukraine and its Impact on Global Geopolitics. European Scientific Journal, ESJ, 18(20), 48. https://doi.org/10.19044/esj.2022.v18n20p48
Section
ESJ Humanities
Copyright (c) 2022 Manotar Tampubolon
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
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