The Russia-Ukraine conflict, soaring international energy prices, and implications for global economic policies

• DOI: 10.1016/j.heliyon.2024.e34712
• Publication Date: 2024-07-20T17:14:33Z
• Authors: Mingsong Sun; Xinyuan Cao; Xuan Liu; Tingting Cao; Qirong Zhu
• Keywords: Geopolitics; Energy Sector; International conflict

This study examines the economic impact of soaring international energy prices during Russia-Ukraine conflict from February 23, 2022, to May 31, 2022. Notably, by applying a CGE model, this offers insights into policies at both macroeconomic and industrial levels, emphasizing model's utility in analyzing complex interactions under geopolitical stress. Findings indicate that: