The conflict between Russia and Ukraine has emerged as a significant geopolitical tension, with far-reaching implications for global stability and security. This paper intends to study the impact of the war on the worlds and regional economic development and political stability, and achieve some findings that may trigger further policy considerations in mitigating challenges and issues imposed by the war. Through literature reviews and comparison analysis, the findings reveal economic, political, and security consequences of the conflict. The disruption of trade flows, economic sanctions, and uncertainty have impacted both Russia and Ukraine, as well as the wider region and the world. Energy security concerns and shifts in military alliances have added to the complexity of the conflict. The expansion of NATO and increased rivalries between Russia and Western countries have further heightened tensions. Based on the findings, the paper concludes that the Russia-Ukraine conflict poses a significant threat to global economic stability and political security. It emphasizes the need for a multilateral approach to address the conflict and promote peace and stability in the region. Ceasefire agreements, humanitarian assistance, and reconstruction efforts are crucial steps towards long-term peace and development. The paper highlights the importance of prioritizing diplomatic solutions over short-term gains from the conflict. In summary, this paper intends to explore the implications of the Russia-Ukraine conflict on global stability and security, with findings that underscore the need for international cooperation and concerted efforts to mitigate the consequences of the conflict and foster a peaceful resolution.