INTRODUCTION
Background
The beginning of the problems between Russia and Ukraine can be seen since Ukraine declared its independence in 1991. As a satellite state of Russia, Ukraine gets a lot of influence from oligarchs, politicians, and plutocrats from Russia. The corrupt and inefficient Ukrainian government led the Ukrainian people to carry out a revolution called the Orange Revolution held in Kiev. The Orange Revolution lasted from 2004 to 2005 and aimed to deny all forms of Russian political influence in Ukraine.
Tensions between Russia and Ukraine have increased due to ethnic, religious, and linguistic differences in Ukrainian society. The recognition of the people of the provinces of Donetsk, Luhansk, and Crimea as part of the Russian state became the beginning of the conflict among the people of Ukraine. This was responded quickly by the Ukrainian government by making efforts to Ukrainize. These include forcing the use of the Ukrainian language in the Luhansk, Donetsk, and Crimea regions aimed at preventing Russian hegemony through cultural channels.
This effort is supported by the creation of a new law that requires the use of the Ukrainian language in the public life of the Ukrainian people. The existence of discriminatory laws has led to an increase in separatism in Eastern Ukraine. They consider that Eastern Ukraine is a victim of discrimination from Ukrainization efforts. This is one of President Vladimir Putin's motivations for invading Ukraine, namely to protect ethnic Russians in Ukraine.
The opening of the Russia-Ukraine conflict was marked by the annexation of the Crimean Peninsula by Russia in 2014 followed by Russian involvement in separatist movements in Luhansk and Donetsk. Ukraine's response to this by asking to become part of NATO has created a new source of problems that prolong the Russia-Ukraine conflict. Various efforts to resolve the conflict have been made but an agreement between the two countries was still not established. Until in 2021, Ukraine under Zelensky's leadership asked the United States to join NATO. This led to the invasion carried out by Russia on February 24, 2022 until now.
Purpose
This resume aims to provide an overview and understanding of the impact of the war between Russia and Ukraine on the sustainability of the global economy. Through this resume, readers are expected to better understand the complexity of the economic impact of the Russia-Ukraine War and realize the importance of peace.
DISCUSSION
The war between Russia and Ukraine has shocked global politics and international markets bringing a new challenge to the world: the global economic crisis. Russia and Ukraine, respectively, are important actors in international trade. On the one hand Russia is a supplier of oil and gas energy, on the other hand Ukraine is a supplier of wheat, food and fertilizer. As a major supplier of minerals and metals, a war between the two would certainly greatly disrupt the flow of global metal and mineral supplies. With the increase in prices of these goods, it will certainly add to global inflationary pressures which are still in the recovery stage due to the COVID-19 pandemic.
This disruption is in the form of rising prices and supply shortages that will have an impact on countries in the world.