The Impact of the Russia-Ukraine Conflict on Indonesian Political Economy

DOI

10.2991/978-2-494069-87-9_5How to use a DOI?

Keywords

conflict; impact; economy; politics

Abstract

Early in February 2022, the Russian fighter fleet appeared on the Ukrainian border more specifically, in Belarus and the confrontation between Russia and Ukraine erupted once more. Given that these two nations are important producers and exporters of a variety of commodities, the impact of the Russia- Ukraine conflict on the global economy is substantial. In international trade, Russia and Ukraine play key roles. Of course, this conflict also has an impact on Indonesia as a member of the world economy. It is expected that this battle may affect trade between Indonesia and the two nations because CPO and its derivatives, Indonesia's principal exports, are exchanged between them. Additionally, it is anticipated that the supply of wheat flour imported by Indonesia from Ukraine will be interrupted. By gathering, choosing, and reviewing facts, opinions, and information from books, journals, magazines, newspapers, and the internet, this study employs a literature review. The theory applied is Ralf Dahrendrof's conflict theory, which considers conflict as involving three main categories of organizations: conflict groups, interest groups, and pseudo groups. A collection of individuals who have positions and share similar role interests is referred to as a pseudo group. In the sociological sense, interest groups are groupings, and they are the actual causes of intergroup conflict. The main objective of this study is to determine how much the political and economic situation in Indonesia has been impacted by Russia and Ukraine. The result is that Indonesia has been impacted by the war in the political and economic spheres between Russia and Ukraine. The unpredictability of the trade balance had a considerable economic impact, particularly on the oil and gas and non-oil and gas industries. Additionally, because Russia is one of the biggest oil suppliers in the world, it is feared that domestic oil prices may rise. Indonesia must adhere to the political principle of being independent and proactive in its response to the turmoil in Ukraine.

Copyright

© 2022 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Fithriya
AU  - Permata
AU  - Napsiah
AU  - Hikmalisa
PY  - 2022
DA  - 2022/12/26
TI  - The Impact of the Russia-Ukraine Conflict on Indonesian Political Economy
BT  - Proceedings of the Annual International Conference on Social Science and Humanities (AICOSH 2022)
PB  - Atlantis Press
SP  - 28
EP  - 38
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-494069-87-9_5
DO  - 10.2991/978-2-494069-87-9_5
ID  - 2022
ER  -