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Economic Impacts of War in Ukraine Discussed by Expert
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Date: April 18, 2026
An unprecedented disruption in oil supply has emerged as a significant consequence of the ongoing conflict in Ukraine, leading to soaring energy prices and heightened volatility in stock markets. This turmoil has underscored the vulnerabilities of global economies reliant on fossil fuels. Recent reports indicate that major oil and gas companies have amassed profits totaling approximately $30 million per hour since the onset of the war.
In a recent episode of UpFront, host Redi Tlhabi engaged with economist Mariana Mazzucato to discuss the implications of this crisis. Mazzucato, a prominent advocate for sustainable economic practices, elaborated on what constitutes an effective green industrial strategy. She also critiqued the World Bank’s performance in addressing these issues and introduced her concept of the “common good economy,” which she believes could guide governments navigating these turbulent times.
