MENA nations set for economic hit as a result of Ukraine crisis
Russia’s invasion of Ukraine will have far-reaching effects around the world, including in the Middle East and North Africa. While the war presents security and diplomatic risks for the region, its most significant impacts are likely to be economic.
The war is driving up food and energy prices, adding to inflationary challenges for individuals and exacerbating fiscal challenges for governments. A reduction in tourism and other business impacts of intense sanctions on Russia will also present risks.
Russia and Ukraine,…