Russia-Ukraine Crisis and Its Impact on South Asia

Abstract

On February 24, 2022, Russia invaded Ukraine under the pretense of national security. The Russia-Ukraine war is likely bound to give birth to severe issues including economic implications for the parties involved, and for the world’s atomic states. The imposition of serious sanctions on a petro-state such as Russia will have long lasting terminal effects, one of which could be the surge in global oil prices. The economic impact of Putin’s war on Ukraine is largely political when it comes to Russia. The economic sanctions imposed on Russia by Western politicians will determine the disruptions in the supply of Brent crude oil and other exports by Russia. While as far as Ukraine is concerned, the extent of the damage caused by the Russian strikes on its infrastructure and agricultural land, will determine the disruptions in the supply of wheat, sunflower oil, and other exports. The research paper is aimed to discuss consequences of Russia-Ukraine crisis generally on South Asia and specifically on Pakistan.