Russian-Ukrainian War Affects Ruble and Dollar

Shuyan Jin ()
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Shuyan Jin: Muma College of Business, University of South Florida

A chapter in Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022), 2022, pp 383-389 from Springer

Abstract: Abstract The Russian war broke out in 2022 and the war made two countries, Russia and Ukraine, a threat to the world supply chain system. A shortage of world resources occurred. Inflation occurs in most countries. The analysis of the situation helps investors to solve the problem of excessive investment risks. Russia supplies oil and gas to countries such as Europe. Ukraine is a supplier of agricultural resources, etc. to many parts of the world. Due to war problems, these resources were cut off. The increase in oil prices leads to the increase of related products together. Due to the war between Russia and Ukraine, the Russian side has adopted the practice of using only the Ruble for trade transactions with the Russian side to solve the economic problems. Exchange rate problems affected many companies after the war started. The article helps investors to understand the market situation and analyse the form of investments and avoid investment risks.

Keywords: Russia-Ukraine War; Oil; Exchange Rates (search for similar items in EconPapers)
Date: 2022
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DOI: 10.2991/978-94-6463-052-7_44

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