<abstract xmlns="http://www.w3.org/1999/xhtml">
<p>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.</p>
</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.

The War in Ukraine: Economic impact on Asia

Adjunct Professor, Department of Economics

Hong Kong University of Science and Technology (HKUST)

Economic Diplomacy

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

{"article-title":"The War in Ukraine: Economic impact on Asia"}

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...

The War in Ukraine: Economic impact on Asia

Published Online: Sep 02, 2023

Page range: 56 - 63

Received: Mar 14, 2023

Accepted: Apr 05, 2023

DOI: https://doi.org/10.2478/ecdip-2023-0002

Keywords
Russia, Ukraine, China, Asia, war, trade, finance

© 2023 Alicia García Herrero et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

The War in Ukraine: Economic impact on Asia

Published Online: Sep 02, 2023

Page range: 56 - 63

Received: Mar 14, 2023

Accepted: Apr 05, 2023

DOI: https://doi.org/10.2478/ecdip-2023-0002

KeywordsRussia, Ukraine, China, Asia, war, trade, finance

© 2023 Alicia García Herrero et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Keywords
Russia, Ukraine, China, Asia, war, trade, finance