Ukraine-Russia War: The Global Economic News Digest (Updated)

The Russian military aggression in Ukraine doesn’t need a special introduction now due to its extreme cruelty and the global economic and humanitarian threat it brings. As the Ukrainian IT company we feel the responsibility to keep our clients, partners and readers up to date with the credible news digest, focused on the economy. Here you can find the information from the world media leaders.

In this article:

What is all about?

Where does this war historically come from, what we are fighting for and why find here.

What happened today?

Follow the Ukraine live by The Guardian. Here you can find the details about all important events of the Russian invasion in Ukraine daily.  

Is the Russian Military a Paper Tiger?

We don't really want to spoil, but pretty much yes. Read the The New Yorker's interview with the former U.S. special envoy for Syria by Isaac Chotiner.

How Big a Threat to the U.S. Economy Is the War in Ukraine?

“There are more important things than inflation, such as defending democracies. But the longer the war goes on, the bigger the economic costs are likely to be.” - writes John Cassidly in the article for the New Yorker. 

The economic policy consequences of the war for Europe

“The Ukraine war will have significant economic policy consequences for the European Union and its members, arising from the adverse supply shock triggered by the rise in oil and gas prices, energy independence measures, the inflow of refugees and boosted defence spending. Their direct budgetary implications could be 1.1/4% of GDP in 2022.” - says Jean Pisani-Ferry in his blog post for Bruegel.

The global throwbacks: the War in Ukraine is taking its toll 

"The International Monetary Fund’s new World Economic Outlook expects growth to slow to 3.6 percent this year. The group is one of many to slash their forecasts recently." - The New York Times' journalists Alan Rappeport and Ana Swanson researched on the topic, that's bugging everyone now. Read the article here.

“The collapse of their position will be sudden and catastrophic” - Francis Fukuyama

American political scientist Francis Fukuyama talks about Russia’s perspectives in the war against Ukraine and about China’s future actions. Read more in his blog post for American Purpose.  

The list of companies, pulling back from Russia

Lot’s of international companies stopped their business with and in Russia. There’s quite a number of global giants and the list is still growing, find it here on CNN. 

The cost of war: How Russia's economy will struggle to pay the price of invading Ukraine

“Long-term perspectives are dire. If sanctions are maintained, Russia will be cut off from its main trading partners apart from China and Belarus. Rating agencies now predict Russia will soon be unable to pay back its creditors, again with colossal long-term impacts on the economy.” - By Renaud Foucart, The Coversation, PTI. Read more here. 

We update this article with the actual information every week. While our brave soldiers are taking back what belongs to our country and fighting out our independence from the aggressor, we are working hard to keep the economy of Ukraine going and supporting our army. You can make our efforts even more significant choosing us as your reliable tech partner and/or supporting out soldiers via donating.