The Russo-Ukrainian War, which began in 2022, has had a significant impact not only in the Eastern European region but also throughout the world. One of the most affected sectors is the global economy, thanks to the interconnectedness between countries through trade, energy and investment. First, the direct impact on energy prices is striking. Russia, as one of the world’s largest oil and gas producers, influences global energy markets. International sanctions applied against Russia caused a spike in energy prices. European countries, which depend on Russian gas, have been forced to look for alternatives, increasing demand for natural gas from countries such as the United States and Qatar. This spike in energy prices has an impact on global inflation, worsening the cost of living in many countries. Second, the agricultural sector also felt a significant impact. Ukraine is known as Europe’s “grain basket,” and the conflict is disrupting exports of wheat and other grains. As a result, global food prices have increased. Countries that rely heavily on imports, especially in Africa and the Middle East, are facing deeper food crises. Some countries are starting to implement food protection policies to maintain domestic stocks, which further complicates the global trade situation. Third, global financial markets are also affected. The political and economic uncertainty created by the conflict causes volatility in the stock market. Investors tend to switch to safer assets, such as gold and government bonds, thereby affecting currency exchange rates. Many developing countries were heavily pressured by the strengthening of the US dollar caused by high interest rate policies in the US. Fourth, the impact of inflation and rising interest rates also creates challenges for central banks around the world. To control rising inflation, many countries including the United States, the Bank of England, and the euro zone were forced to raise interest rates. This changes lending dynamics, affecting both consumers and businesses. Rising interest rates result in lower business investment, which can hinder long-term economic growth. Fifth, international travel and tourism are also affected. War and uncertainty in Europe led to a decline in tourist numbers. Many countries rely on tourism as a primary source of income, and the crisis is creating uncertainty in the sector. Airline companies and hotels are facing major challenges in maintaining their operations, and many have been forced to reduce staff. Infrastructure development is also disrupted. Many countries planning new infrastructure projects are now having to adjust their budgets to cope with the additional costs of increasingly expensive building materials. This has the potential to hamper long-term economic growth. Lastly, sanctions against Russia encourage countries to seek diversification in resources and trade. Several countries began to establish closer relations with non-Western countries, thereby changing the global trade map. This could lead to new patterns in international economic relations and different political alliances going forward. With all these changes, the Russian-Ukrainian war had a far-reaching impact on the global economy. Countries around the world must adapt to the challenges presented by the uncertainty created by these conflicts. Increasing geopolitical risks and changing market dynamics pose a tough challenge for global leaders in formulating appropriate policies to minimize negative impacts.