Tension Between Russia and Ukraine: An Invitation to Increase Global Poverty

Abstract

Andre Luis Cateli and Ewerton Ricardo Messias

This article aims to identify whether the economic sanctions imposed on Russia due to its military advance on the territory of Ukraine can have effects beyond the parties involved. To do so, it investigated the main items subject to an economic embargo and its consequences within the European Union to, subsequently, address the consequences for the rest of the world. The investigation will use economic principles as a reference system, especially one that demonstrates that the market can improve everyone's situation and will be developed through bibliographic research and on specialized websites, using the deductive method. Finally, it was possible to foresee that the tension between Russia and Ukraine will lead to global inflationary processes, given that it will increase the scarcity of essential items consumed worldwide, thus resulting in an increase in global poverty, including in Russia itself.

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