Russia's attack on Ukraine. Economic shocks, energy embargo, New World Order

This study examines and analyses the current prospects for the global economy against the background of the Russia-Ukraine war. Russia's war of aggression on 24 February 2022 marks a turning point. Many countries have imposed comprehensive sanctions against Russia, not always thought through. Large refugee movements and at the same time strong energy price and wheat price increases as well as high inflationary pressure are occurring worldwide. Some economists have proposed a German and EU gas import embargo against Russia - with manageable economic effects. This view is doubtful, especially since countermeasures by Russia can be expected in the event of a boycott of energy exports. There are critical points in the West's analysis of Russia; Putin's new ideology has been apparent since 2016. The global economy is likely to face disintegration into regional trading blocs and the impact power of key international organisations is diminished: to the detriment of growth, innovation and anchoring stability. EU-Ukraine enlargement should be seen as a critical challenge.