The Russo-Ukrainian war, which began in February 2022, has triggered major changes in the global economy. Facing this conflict, various countries and economic sectors felt the impact directly. One of the most significant impacts is the energy crisis. Russia, as one of the world’s largest oil and gas producers, is reducing energy supplies, causing a spike in energy prices in many countries. This has an impact on high inflation, eroding people’s purchasing power, and adding pressure to the costs of goods and services. Agriculture was also badly affected. Ukraine is known as one of the world’s “basins”, producing large amounts of wheat and corn. This conflict has disrupted supply chains, impacting global food prices. This increase in food prices exacerbates food security problems, especially in developing countries that depend on imports. Countries such as Egypt and Jordan, which significantly import wheat from Ukraine, have experienced social unrest due to this food crisis. The global financial sector was not spared from the impact of this war. Geopolitical uncertainty causes investors to turn to safer assets, such as gold and the US dollar. Stocks in emerging markets have declined due to fears of an approaching global recession. In this context, central banks around the world are starting to face a dilemma, between tackling inflation and facing a potential recession, creating instability in financial markets. The impact of conflict is also felt in the world of international trade. Sanctions against Russia are changing global market dynamics. Many companies withdrew from the Russian market, causing huge losses. On the other hand, countries that cooperate with Russia, such as China, have the opportunity to strengthen their position. Trade is becoming more fragmented, triggering the formation of new alliances that could change the long-term trade landscape. The technology industry also recorded a significant impact due to this war. Sanctions against Russian technology companies and reduced supplies of components from Ukraine, such as semiconductors, are disrupting global supply chains. This affects the production of cell phones, computers, and even electric vehicles. Many companies are forced to look for alternative suppliers, which takes time and money, and causes product prices to rise. Furthermore, we see the inevitable social impacts. The wave of refugees from Ukraine heading to European countries adds to the challenges for an economy already struggling with labor supply. Host countries have had to increase budgets for social and infrastructure needs, adding to the economic burden. In addition, the political turmoil that may arise as a result of this migration could change the direction of economic policy in many countries. As the conflict continues, the global economic recovery is in a state of uncertainty. Many countries are struggling to adapt to new conditions, formulating policies to protect the sectors most affected. Awareness of the importance of diversifying energy sources and food supplies is increasingly pressing to reduce dependence on one country or one type of commodity. Meanwhile, international organizations and countries have strengthened diplomatic efforts to resolve the conflict. The long-term impact of resolving this conflict will determine the direction of global economic development. Will the world return to normal or enter a new era with completely different economic patterns? This is a question that still hangs over and will influence international economic policy in the years to come.