Russia’s War in Ukraine: Consequences for European Countries’ Businesses and Economies

Prohorovs, Anatolijs

doi:10.3390/jrfm15070295

Cited by 78 publications

(48 citation statements)

References 9 publications

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“…Wang et al (2022), researching the transmission of returns and volatility in the universe of commodities around the war in Ukraine, note that the total volatility spillover increases from 35% to 85%, exceeding the level seen during the pandemic. Prohorovs (2022) notes that as a result of the war unleashed by Russia in Ukraine, a long-term, large-scale negative impact on most European companies and economies is formed, while the Russian war in Ukraine has become a powerful trigger, significantly increasing the level of inflation and exacerbating the existing issues of economies. note that Ukraine has lost its ability to sell more than half of its exports, primarily agricultural commodities and metals.…”

Section: Literature Reviewmentioning

confidence: 99%

The impact of financial digitalization on ensuring the economic security of a country at war: New measurement vectors

Shkolnyk

Фролов

Orlov³

et al. 2022

Investment Management and Financial Innovations

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The military actions in Ukraine have actualized the transformation and revision of existing approaches to assessing the country’s economic security. Financial security, which is considered in this paper through its standard components such as financial sector security, stock market security, debt and budget security, has a significant effect on the formation of economic security. At the same time, digitalization in the financial sector was identified as a new component that provides access to financial resources even in the context of the deployment of hostilities in Ukraine. Therefore, this study assessed the effect of the state of financial security, taking into account the importance of financial digitalization for the economic security of Ukraine. Based on quarterly data for the period 2015–2021, 42 indicators were analyzed, which were grouped according to the relevant components of financial security, and their integral indicators were determined using the Harrington method. A factor analysis of the formation of economic security was carried out using the principal components analysis, and an integral indicator of a country’s economic security was calculated based on the Kinney multiplicative convolution. The integral indicator of economic security for 2025–2021 doubled and amounted to 0.63 units, which was due to the increased influence of financial digitalization processes, all other components either slowly decreased or were stable. Thus, the reserve of economic security that was formed during this period, including due to the intensive digitalization of the financial sector, allowed Ukraine to survive the first weeks of the war and ensure the functioning of the financial system. Acknowledgment Comments from the Editor and anonymous referees have been gratefully acknowledged. Inna Shkolnyk and Yevhenii Kozmenko gratefully acknowledge financial support from the Ministry of Education and Science of Ukraine (0122U000774 “Digitalization and transparency of public, corporate and personal finance: the impact on innovation development and national security”).

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Section: Literature Reviewmentioning

confidence: 99%

The impact of financial digitalization on ensuring the economic security of a country at war: New measurement vectors

Shkolnyk

Фролов

Orlov³

et al. 2022

Investment Management and Financial Innovations

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“…The humanitarian, economic, and financial consequences have been measured in view of the ongoing war [ 20 ], as well as the prospects and challenges related to migration to Poland [ 25 ]. The focus has also been on the problems describing the immediate threat to ecosystems, and more specifically soil degradation and food production [ 26 , 27 ] and the disruption of international trade, [ 28 ]. The research undertaken shows a new (real) space for helping Poles to act towards Ukrainian refugees.…”

Section: Introductionmentioning

confidence: 99%

The Opinions of Poles about the Need to Provide Humanitarian Aid to Refugees from the Area Covered by the Russian–Ukrainian War

Karakiewicz-Krawczyk

Zdziarski

Landowski

et al. 2022

IJERPH

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The armed conflict in Ukraine has caused a lot of emotions around the world. Many countries have been involved in helping brutally attacked people, especially mothers and children. The versatile involvement of large powers is monitored and noticeable by the media. Active help from Poland is a very visible sign of human solidarity with the suffering Ukrainian nation. Open hearts, houses and institutions and humanitarian and medical aid are elements of Polish kindness and empathy. The aim of the research was to collect Poles’ opinions about the need to provide humanitarian aid to Ukrainians from the territories of the Russian–Ukrainian war. Capturing feelings of Poles towards Ukrainians during the war is an interesting issue that shows subjective opinions about the existential situation perceived in the space of mutual personal interactions. The results showing opinions on help were collected from a group of 1012 people throughout Poland with the help of an authorial questionnaire. The obtained data shows a positive attitude of Poles to Ukrainians. The most willing to help are people over 49 years old, more often with a good and very good financial situation. Respondents believe that general assistance from other countries and the European Parliament is not sufficient. Military support is accepted the most by the oldest participants of research, and less by the age group up to 30 years who support medical help more. More concerned about the ongoing conflict are respondents under the age of 30 and the least wealthy, including, more often, women. The richest respondents are least afraid of the effects of the ongoing Russian–Ukrainian conflict. The conducted research confirms the openness of Polish society to refugees and brings opinions about existential solidarity with the suffering Ukrainian nation.

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“…Difficult times for the global economy began with the spread of the pandemic, the unstable situation in the global economy, due to the volatility of the global oil market. This became especially relevant in connection with the consequences of the conflict in Ukraine, after which European countries began to experience significant problems in the energy sector due to a decrease in russian gas and oil supplies (Prohorovs, 2022;Caldara et al, 2022). It should be noted that it would be quite possible to avoid this if the countries of Europe paid more attention to their energy security and economic diversification (Elbassoussy, 2019;Rodríguez-Fernández et al, 2022).…”

Section: Introductionmentioning

confidence: 99%

Diversification Through Promotion of Export-Oriented Production and “Green Transformation” in Azerbaijan

Guliyev¹,

Azizov²

2022

Scientific Horizons

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Diversification is an important component of the development of any economy. The reason for this is the increase in the country's resilience to external stimuli, which makes progress more gradual, constant and predictable. Thus, the study of the possibilities of diversifying the economy is very relevant, especially in today's geopolitical conditions. The purpose of the work was to analyse some methods of diversifying the economy of Azerbaijan, namely the development of export-oriented production and the implementation of the “green transformation”. Analysis became the main method in writing the article, but historical, modelling, deduction, abstract-logical methods also played an important role. Thus, the work examined and analysed the export of Azerbaijan, during which a significant dependence of the country on oil sales to foreign markets was revealed. Since such a prospect is dangerous for the sustainable development of the country, it is important to carry out certain measures aimed at increasing the diversification of its exports. First of all, they are associated with publicprivate partnerships, but they also take other forms, such as attracting investments and building infrastructure. In addition, the paper describes how the “green transformation” of the country can help achieve the goals of economic diversification and at what stage is the level of “greening” of the state economy; the paper also describes the prospects for the state in achieving these goals. The article brings new knowledge to understand the features of the functioning of the Azerbaijani economy, as well as to the theory of economic and sustainable development, as well as trade

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Russia’s War in Ukraine: Consequences for European Countries’ Businesses and Economies

Cited by 78 publications

References 9 publications

The impact of financial digitalization on ensuring the economic security of a country at war: New measurement vectors

The impact of financial digitalization on ensuring the economic security of a country at war: New measurement vectors

The Opinions of Poles about the Need to Provide Humanitarian Aid to Refugees from the Area Covered by the Russian–Ukrainian War

Diversification Through Promotion of Export-Oriented Production and “Green Transformation” in Azerbaijan

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