It has been more than one year since the outbreak of the Russia-Ukraine conflict. In addition to the intense military actions on the surface, the confrontation between the parties in the economic field is equally intense. Taking the Russia-Ukraine conflict as an example, this paper is dedicated to illustrating the political impact from an economic perspective, to provide lessons for the optimization of political and economic decisions of the countries concerned. This paper contains two main aspects. The first is the impact of the Russia-Ukraine conflict on the energy market, financial market, etc. The second is to explore the impact of sanctions and counter-sanctions from both sides on Russia and the global economy. This article provides new insights into the impact of political factors on the economy by exploring the impact of the political event of the Russia-Ukraine conflict on the global economic and financial markets and even the international political and economic landscape. The paper concludes by suggesting that both sides in the conflict should remain calm and rational to avoid further escalation and deterioration of the situation.