RUSSIA-UKRAINE CONFLICT: SANCTIONS AND EFFECTS ON THE WORLD

The beginning of the military action in Ukraine started in 2014 as well as swiftly changed to a lengthy stand-off, with recurrent bomabardment and clashes taking place around the front line which deattaches Russian-and Ukrainian-goverened territories in the east. After Russian initiated a major attack on Ukraine on February 22, 2022, the invasion has led to over one hundred civilian casualties and forced tens of thousands of Ukrainians to flee to the neighboring statesparticularly Poland, a member of NATO, where the military of the United States are making preparations to provide support. The invasion caused Russia with numerous sanctions by EU member states, US and some other major countries. These sanctions will effect the world economy as the prices of various commodities will rise.