Current:Home > MarketsThe ripple effects of Russia's war in Ukraine continue to change the world -TruePath Finance
The ripple effects of Russia's war in Ukraine continue to change the world
View
Date:2025-04-15 14:25:40
A year after Russia's invasion of Ukraine sparked the largest conflict in Europe since World War II, the repercussions continue to reverberate around the world. Not only has the war in Ukraine set off a geopolitical realignment, but it has caused economic hardship far from the epicenter of the fighting.
The Feb. 24, 2022, invasion has touched off a refugee crisis, as Ukrainians flee the conflict in their homeland and many Russian men seek to avoid conscription. Meanwhile, it has spurred a process toward expanding NATO, with Finland and Sweden pursuing membership after decades of official neutrality.
Ukraine and Russia are key exporters of wheat, barley, corn and cooking oil, particularly to African and Middle Eastern countries. Turkey and the United Nations brokered a deal last summer to allow Ukrainian grain to pass through Black Sea ports, but Russia is reportedly still hindering shipments. Russia is also a major producer of fertilizer and petroleum. Disruptions to the flow of these goods are compounding other supply chain and climate challenges, driving up food and gas prices and causing shortages in places such as Chad, Tunisia and Sri Lanka.
More than 8 million refugees have fled Ukraine in what the World Health Organization describes as "the largest movement of people in the European Region since the Second World War." Many have been involuntarily relocated by Russia. Others have put a strain on resources, as well as schools and hospitals, in Poland and Germany.
A 21st century war in Europe — led by a nuclear power — is pushing the world toward realignment. It has rattled NATO, the European Union and the U.N., forcing countries to take sides in ways that have led to escalating tensions and diplomatic shifts. For example, Turkey, despite being a NATO member, has increased trade with Russia since the start of the war and has thrown up objections to allowing Sweden and Finland into the alliance.
Russia is one of the world's largest producers of oil and fuel. European countries have banned the Russian oil, gas and diesel they relied on, which initially caused a steep spike in prices. However, moves by European nations to lock in alternative sources, along with conservation efforts and a mild winter, have largely alleviated those price hikes. Now prices have returned to pre-invasion levels.
Russia has more nuclear weapons than any other country. Its attack on Ukraine has notably reenergized NATO, with the U.S. and other member states funneling tens of billions of dollars worth of military equipment into Ukraine. Early weapons deliveries included anti-tank rockets such as the U.S.-made Javelin. In the latest moves, the U.S., Germany and Britain have promised to provide state-of-the-art tanks.
NPR's Will Chase, Alex Leff, Pam Webster, Desiree F. Hicks and Nishant Dahiya contributed to this report. The text and graphics build on previous work by Alina Selyukh, Connie Hanzhang Jin and Nick Underwood.
veryGood! (95)
Related
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Beyoncé and Blue Ivy Carter to Star in Lion King Prequel: All the Buzzworthy Details
- Jalen Brunson, Knicks put 76ers on brink of elimination with Game 4 win
- Clayton MacRae : 2024 Crypto Evolution
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- 150th Run for the Roses: The history and spectacle of the Kentucky Derby
- 2.9 magnitude earthquake rattles New Jersey
- Ryan Reynolds Mourns Death of “Relentlessly Inspiring” Marvel Crew Member
- Tom Holland's New Venture Revealed
- This all-female village is changing women's lives with fresh starts across the nation
Ranking
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- The Rolling Stones show no signs of slowing down as they begin their latest tour with Texas show
- The Best Mother-in-Law Gifts That Will Keep You on Her Good Side & Make Her Love You Even More
- More than a dozen military families in Hawaii spark trial over 2021 jet fuel leak that tainted water
- The company planning a successor to Concorde makes its first supersonic test
- NFL draft takeaways: Cowboys passing on RB opens door to Ezekiel Elliott reunion
- Eric Church speaks out on his polarizing Stagecoach 2024 set: 'It felt good'
- Florida sheriff says deputies killed a gunman in shootout that wounded 2 officers
Recommendation
The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
Florida sheriff says deputies killed a gunman in shootout that wounded 2 officers
'Critical safety gap' between Tesla drivers, systems cited as NHTSA launches recall probe
Teen dead, child and officer injured in 3 shootings in South Carolina’s smallest county
Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
AIGM Crypto: the Way to Combat Inflation
Interstate near Arizona-New Mexico line reopens after train derailment as lingering fuel burns off
Colorado quarterback Shedeur Sanders swarmed at pop-up retail event, rakes in big sales