Impact of Putin’s War on African Economies

Impact of Putin’s War on African Economies

 Source: Ventures published on 28 February 2022 a commentary titled “How Russia’s Invasion of Ukraine Can Impact African Economies” by Oluwatosin Ogunjuyigbe.  

African students have been stranded in Ukraine.  African countries import $4 billion annually of agricultural products from Russia and $2.9 billion from Ukraine, with prices likely going higher and supply possibly disrupted.  Energy and fertilizer importing countries will face higher prices while energy exporters may get a revenue boost.  

Labels: Africa, Algeria, Angola, Egypt, energy, Kenya, Morocco, Nigeria, Russia, sanctions, Senegal, South Africa, students, Sudan, Tanzania, trade, Ukraine, war, wheat