Ukraine, so it is assumed that these operations will continue to be active. Although, we must be aware of the high chances that imports in ukraine will not reach their destination. For its part, its third largest exporter is russia itself. Which translates into very serious consequences for the country in terms of ferrous materials, cereals or minerals. International trade consequences of the war the main consequence of the russian invasion of the neighboring country is the cutting off of any trade relationship with russia .
For its part, the dependence on russian oil and gas by many eu members, in addition to both russian and ukrainian cereals, are considerably reducing e commerce photo editing eu markets. Apart from the global repercussions, countries with direct exposures via trade, tourism or finance face additional pressures. Even in the longer term, the war is likely to fundamentally alter the global economic and geopolitical order , if it were to bring about a transformation of energy trade, a reconfiguration of supply chains, and a fragmentation of payment systems. The aggravation of geopolitical tension increases the risks of economic fragmentation , especially in terms of trade and technology.
Seeing the effects according to the zones, we can observe: europe the unprecedented sanctions imposed on russia will reduce financial intermediation and trade, inevitably causing a deep recession in those countries . For its part, energy is the main channel of propagation of the repercussions in europe, given that russia is a crucial source of natural gas imports. Middle east and north africa higher food and energy prices and tighter global financial conditions are likely to have strong repercussions. Countries like egypt, for example, import around 80% of their wheat from russia and the ukraine. In addition, worsening external financial conditions may cause capital outflows and weigh on growth in countries with