The impact of the Russian Ukrainian war on the EU economy

Details

Supervisors

Oikonomou, Rigas

Faculty

Faculté des sciences économiques, sociales, politiques et de communication

Degree label

Master [120] en sciences économiques, orientation générale, à finalité spécialisée

Abstract

The invasion of Russia to Ukraine and the subsequent series sanction from EU to against Russia invasion led to a serious energy crisis. We choosed macroeconomic consequences of 5 main indutrial countries in EU which have different degree of their dependence on Russian energy resources. using macroeconomic data series such as inflation and unemployment, we find that based on different dependence on energy, countries received different impact. Most notably, the German economy that had relied heavily on Russia’s natural gas exports suffered more significant impacts from the crisis, compared to other countries.