RUSSIA-UKRAINE TERRITORIAL DISPUTES AND THEIR ECONOMIC IMPACT ON EUROPE: A CASE STUDY OF GERMANY
Keywords:
Russia-Ukraine conflict, Germany economy, Energy dependency Inflation, Supply chain disruption, Defense collaboration, Fiscal policy, public sentiment, Industrial impact, Economic resilienceAbstract
The 2022 full-scale war between Russia and Ukraine has had profound economic impacts beyond the conflict zone, affecting Europe broadly and Germany in particular. This paper explores the economic repercussions of the war on Europe, focusing on Germany’s vulnerabilities due to its historical dependence on Russian energy, analyzed through the lens of Dependency Theory. The conflict disrupted energy supplies, triggered inflation, and forced significant shifts in trade and industrial policies. The study examines Germany’s crisis response, highlighting its pivot toward renewable energy and diversification of energy sources. The findings illustrate how geopolitical conflicts can expose the economic fragility of advanced economies and emphasize the interconnectedness of global economic systems during crises.
