The war in Ukraine has had a significant impact on the global economy that cannot be ignored. Rising tensions since Russia’s invasion in 2022 have changed the dynamics of international trade, energy prices and food supplies. Countries around the world are feeling the impact in different ways, and all of this can be seen from several key aspects. One of the most obvious impacts is the spike in energy prices. Ukraine and Russia are two major energy producers, especially oil and natural gas. Sanctions imposed on Russia caused energy supplies to dwindle, pushing crude oil prices to their highest levels in decades. This increase in energy prices has resulted in higher inflation in various countries, especially in Europe which depends on Russian natural gas. These rising energy costs are not only affecting the industrial sector, but also households, creating a cost of living crisis. The food sector is also experiencing similar pressure. Ukraine is known as one of the world’s food baskets, exporting large amounts of wheat and corn. War has disrupted the production and distribution of these commodities. Decreased food availability, coupled with sanctions against Russia, has caused a spike in global food prices. Countries that depend on food imports from Ukraine, such as countries in Africa and the Middle East, are suffering from severe food crises. Rising food prices can trigger social instability, which in turn will exacerbate conflicts in various parts of the world. In addition to energy and food impacts, geopolitical tensions impact financial markets. Investors tend to turn to assets that are considered safer, such as gold and the US dollar, when there is uncertainty. This crisis also caused significant volatility in global stock markets. Companies with exposure to the region face risks, which impact market assessments and investment decisions. The war in Ukraine also triggered strategic changes in trade and energy policies in various countries. Europe, for example, has accelerated efforts to reduce dependence on Russian energy. Investments in renewable energy and diversification of energy sources are the main focus, which is expected to create a more independent and sustainable energy ecosystem while reducing exposure to geopolitical risks. With increasing sanctions and economic isolation against Russia, certain industries, especially technology and finance, are feeling the impact deeply. Global companies were forced to adjust their strategies, such as stopping operations in the Russian market and facing challenges to maintain connectivity in the supply of goods and services. The impact of war also includes aspects of labor. Many workers in Ukraine have lost their jobs due to the conflict, and more than seven million refugees have sought refuge in neighboring countries. This is changing the labor market demographics of European countries, but also creating new opportunities for integration and support for emerging economies. The war in Ukraine is a harsh reminder of global economic interconnections. Every action in one part of the world can have far-reaching ripple effects in other parts of the world. This crisis shows how important international cooperation and diplomacy are in achieving greater economic stability in the future.