The impact of the Russia-Ukraine war

Ukraine and Russia are currently engaged in an unfortunate war, which is bringing consequences to various parts of the planet, with direct and immediate effects ranging from the economic, political to the sporting and cultural.

In this case we are going to mention the problem of the energy issue and detail the immediate effects.

Economically, one of the first sectors to react to this event is the raw materials sector.

We understand that we refer to raw materials as everything that is extracted to be transformed/converted into another material and that will finally be a consumer good.

Oil, which is one of the most relevant, has the particularity of having a very volatile price.

As an indispensable non-renewable source used on a daily basis, it causes economies worldwide to falter with every price increase.