The Impacts of Russian Ukrainian War on the Global Economy in the frame of digital banking networks and cyber attacks

Abstract

Abstract: Russia's invasion of Ukraine in February 2022 heightened geopolitical tensions between the Western countries and Russia, lowering global growth expectations due to uncertainty about the effects of the conflict, especially on the global supply chain. In addition, the sanctions imposed on Russia by Western nations have a spillover effect on the global economy. Conflicts have led to energy supply shocks, commodities and trade supply shocks, rising energy, food and commodities prices, thereby causing global inflation in many countries. This paper examines the global economic impact of the Russian-Ukrainian war in the month following the war.