The Impacts of Russia's Agression to Ukraine on the Global and Indonesian Economy

WHILE the financial market was anxiously waiting for higher interest rates and tighter liquidity, Russian troops invaded Ukraine. The consequences of this conflict are dire, not just for the financial market but also for the global economy which is still in tatters and recovering.

Commodity and energy prices will rise sharply. This is a direct effect that will spread including to Indonesia. The price of wheat soared once Russian t

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