Current:Home > MarketsThe ripple effects of Russia's war in Ukraine continue to change the world -FinanceMind
The ripple effects of Russia's war in Ukraine continue to change the world
View
Date:2025-04-25 18:13:50
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! (3653)
Related
- The Super Bowl could end in a 'three
- Two Nashville churches, wrecked by tornados years apart, lean on each other in storms’ wake
- Cowboys' Micah Parsons on NFL officials' no-call for holding: 'I told you it's comical'
- Bachelor in Paradise’s Kat and John Henry Break Up
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Wind speeds peaked at 150 mph in swarm of Tennessee tornadoes that left 6 dead, dozens injured
- Man charged with terrorism over a fire at South African Parliament is declared unfit to stand trial
- Battle over creating new court centers on equality in Mississippi’s majority-Black capital city
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Harvard faculty rallies to the aid of university president criticized for remarks on antisemitism
Ranking
- Don't let hackers fool you with a 'scam
- Hilary Duff Pays Tribute to Lizzie McGuire Producer Stan Rogow After His Death
- Alyson Hannigan Shows Off 20-Pound Weight Loss After Dancing With the Stars Journey
- Suspect in Montana vehicle assault said religious group she targeted was being racist, witness says
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Second person of interest taken into custody in murder of Detroit synagogue president Samantha Woll
- What to know about abortion lawsuits being heard in US courts this week
- Bachelor in Paradise’s Kat and John Henry Break Up
Recommendation
Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
2 winning Mega Millions jackpot tickets sold at same California gas station
Aaron Rodgers spent days in total darkness and so did these people. But many say don't try it.
32 things we learned in NFL Week 14: Cowboys' NFC shake-up caps wild weekend
The company planning a successor to Concorde makes its first supersonic test
Myanmar’s military government says China brokered peace talks to de-escalate fighting in northeast
After losing Houston mayor’s race, US Rep. Sheila Jackson Lee to seek reelection to Congress
Corner collapses at six-story Bronx apartment building, leaving apartments exposed