Part 5/9:
Economic dimensions play a critical role in this conflict’s outcome. Post-invasion, Western powers imposed sanctions on Russia that aimed to cripple its economy. These measures included isolating Russian banks and freezing substantial assets. Although these actions negatively impacted Russia, it also adapted through various means like requiring energy payments in rubles and nationalizing foreign assets.
On the other hand, Ukraine faced an alarming economic decline, with GDP drastically shrinking due to war sufficiencies and rampant inflation. Resources crucial for its agricultural sector were severely affected, leading to food security concerns across various nations reliant on its exports.