The Impact of the Russia-Ukraine Conflict on Indonesian Political Economy
- 10.2991/978-2-494069-87-9_5How to use a DOI?
- conflict; impact; economy; politics
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.
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Cite this article
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 -