What the War in Ukraine Means for Your Economy? VERONICA HORTON 1 MARCH 2022 Vladimir Putin's decision to invade the sovereign nation of Ukraine has shocked the world. Protests against Putin's action have sprung up in major cities from New York to London and even in Moscow. World leaders have responded swiftly with punishing sanctions against Russia and those who support Putin and bans of exports to Russia. However, in an age of globalization, those sanctions and bans come with an economic cost to the nations imposing them and to the global economy in general. UK Foreign Secretary Liz Truss has acknowledged for example, that Britons could feel the economic pain of the sanctions and bans for months and perhaps even years. One way to understand just what that pain could look like is to consider the role of Russia in the global economy. In addition, because Russia's invasion in Ukraine is likely to disrupt normal trade flows to and from both countries, understanding each country's major exports and imports can provide additional insight