The War in Ukraine: Economic impact on Asia

Herrero Alicia García and Mu Haoxin ()
Additional contact information
Herrero Alicia García: Adjunct Professor, Department of Economics, Hong Kong University of Science and Technology (HKUST)
Mu Haoxin: Economist, Economic Research Department, Natixis

Economic Diplomacy, 2023, vol. 1, issue 1, 56-63

Abstract: Russia’s invasion of Ukraine in February 22, 2022 was a major shock for the global economy but also for Asia. Our paper reviews its impact on Asia through different channels, especially trade and finance of. We conclude that the trade and financial impact on Asia, and in particular on China, are much milder than for Europe. That said, the indirect impact, via elevated commodity prices and supply chain disruptions, has clearly had a toll on Asian economies considering their dependence on imports of fossil fuels. We also discuss China’s stance on the conflict, which may be key for its evolution down the road.

Keywords: Russia; Ukraine; China; Asia; war; trade; finance (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.2478/ecdip-2023-0002 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vrs:ecdipl:v:1:y:2023:i:1:p:56-63:n:1002

DOI: 10.2478/ecdip-2023-0002

Access Statistics for this article

Economic Diplomacy is currently edited by Xiaotong Zhang

More articles in Economic Diplomacy from Sciendo
Bibliographic data for series maintained by Peter Golla ().