Ukraine invasion changes the world, one month later

Smoke rises from a Russian tank in UKraine

Smoke rises from a Russian tank destroyed by the Ukrainian forces on a roadside in Lugansk region on February 26, 2022. PHOTO | AFP

Photo credit: Anatolii Stepanov | AFP

One month after Russian invasion of Ukraine and the subsequent economic sanctions imposed by the West on Russia, a number of impacts are already being experienced in energy dynamics, economic performance, climate change strategies, and geopolitics.

Oil prices are already comfortably perched above $100 and are exerting inflationary pressure on economies across the world. The invasion is putting pressure on post-Covid economic recovery which was already work in progress prior to the Russian invasion.

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