The Impact of the Ukrainian War on Global Economic Stability The armed conflict that has occurred in Ukraine since February 2022 has had a far-reaching impact on global economic stability. These tensions have resulted in significant disruptions in supply chains, rising energy prices, and widespread inflation in various countries. The availability of raw materials and commodities is also affected, creating a chain impact on various economic sectors. One of the most significant impacts is the spike in energy prices. Ukraine and Russia are major producers of imported oil and gas for many countries. For example, Europe, which relies heavily on Russian natural gas, experienced difficulties when supplies were disrupted. The surge in energy prices is the main driving factor for inflation in developed and developing countries. This has driven up the cost of living for consumers and caused small companies to face difficulties. On the agricultural side, the war in Ukraine disrupted the production of wheat, corn and other oilseeds that Ukraine often exports. As a major producer, disruptions in Ukraine’s agricultural sector have led to supply shortages on global markets and rising food prices. This has the potential to increase the food crisis, especially in countries that are highly dependent on food imports from Ukraine. Global supply chains were also disrupted as a result of this conflict. Many industries, including automotive and electronics, are forced to face production limitations due to a lack of raw materials. Many companies are turning to alternative sources, but this process requires time and investment, which has the potential to add pressure to production costs. Geopolitical uncertainty in the Eastern European region is also creating a drastic impact on capital markets. Investors show uncertainty, causing sharp fluctuations in global stock indices. Many investors turn to safe assets, such as gold and government bonds, to protect the value of their investments. Central Banks around the world, including the US Federal Reserve, face a dilemma in setting monetary policy amidst high inflation caused by this conflict. Tightening policies taken to control inflation have the potential to slow down global economic growth. In the long term, the Ukraine war may lead to structural changes in economic alliances, with countries seeking alternative markets to avoid dependence on Russia and Ukraine. Changes in trade policies are also visible as countries begin to shift importers and diversify their sources of supply. This could have a long-term impact on global economic relations, creating a pattern of consolidation in which countries unite based on political and economic similarities. This condition not only impacts developed countries but also developing countries, which may not have the capacity to handle price spikes and supply shortages. Acquiring resources is becoming increasingly crucial, and these countries may face economic stagnation if not handled properly. The Ukraine war not only reshaped Europe’s economic map, but also demanded global attention. With growing challenges, global economic stability will remain vulnerable if this conflict drags on. Countries need to collaborate to create sustainable solutions to ensure energy security and food supplies, as well as stabilize international financial markets.