Kurdish Studies

ISSN: 2051-4883 | e-ISSN: 2051-4891
Email: editor@kurdishstudies.net

The Russian-Ukrainian War and its Economic Repercussions on the Countries of the African Continent Challenges and Remedies

Aymen Kathem Hashem
University of Basrah – College of Education for Human Sciences – Department of History.
Rabeeah Shaheed Mohammed
Directorate of Education of Basra Governorate.
Keywords: Ukrainian People's Republic, Russian Federation, War, African continent, Crises, Repercussions, Remedies..

Abstract

The Russian war on Ukraine inflicted a significant blow to the world economy, leaving it reeling from one crisis after another, with Sub-Saharan African countries being the most severely devastated. Because both sides of the war were important exporters of oil, gas, cereals, and other commodities to Africa and other countries across the world, as supply declined and prices climbed, the risk of the largest inflationary shock and recession to hit Africa since the 1970s increased. The continent of Africa, notwithstanding its meagre capacities. However, the continent of Africa, despite the modest capabilities of its countries in economic terms, was at the level of the event and the effects of the day its countries joined efforts to find continental organizations that contributed to finding effective solutions to the repercussions of the war and its effects, and succeeded in reducing them The African Trade Exchange (ATEX), which is a digital platform that buys basic commodities wholesale from African or international producing countries while ensuring that they are delivered to countries in need at competitive prices supported in a manner characterized by transparency and justice. and fairness.

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Keywords

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