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☆ Russia's war in Ukraine is affecting countries around the world. Here's how ordinary Egyptians are feeling the consequences.
  + stars: | 2023-03-21 | by ( Sponsor Post | Created Insider Studios With Fcdo | ) www.businessinsider.com   time to read: +6 min
Russia's illegal invasion of Ukraine has led to spiraling food prices worldwide, including in Egypt. Egyptians are paying a heavy price for Russia's war in Ukraine. Before the war, Ukraine and Russia typically supplied 85% of Egypt's wheat imports. These are not the only actions taken to mitigate the economic impact of Russia's invasion of Ukraine. Russia's war in Ukraine has triggered one of the country's most severe domestic crises.
☆ Russia's invasion of Ukraine has had wide-reaching effects, including trade and partnerships in Egypt
  + stars: | 2023-03-21 | by ( Sponsor Post | Created Insider Studios With Fcdo | ) www.businessinsider.com   time to read: +6 min
The Russian invasion of Ukraine has damaged partnerships and trade agreements around the globe. For Egypt, this has meant the country must seek new trade routes and reinforce existing partnerships with Europe and the US. Russia's invasion of Ukraine has presented Egypt with complex diplomatic challenges. Bilateral trade between the US and Egypt, at $9.1 billion in 2021, is also almost double the volume of Egypt's trade with Russia. A year on from the full-scale invasion of Ukraine, Western economic partnerships with Egypt are only likely to grow in importance.
☆ Growth is slowing in Indonesia and events thousands of miles away are playing a part
  + stars: | 2023-03-16 | by ( Sponsor Post | Created Insider Studios With Fcdo | ) www.businessinsider.com   time to read: +6 min
However, Russia's invasion of Ukraine, which has dented economies around the world, is contributing to growth slowing down in Indonesia. The food sector has been strongly affected by the war in Ukraine, which has disrupted wheat and fertilizer imports into Indonesia. After recording economic growth of 5.3% in 2022, the strongest for almost a decade, Indonesia is now braced for growth to slow down intensified by Russia's invasion of Ukraine. With weakening commodity and energy prices denting export earnings, Indonesia is contending with economic headwinds as fears of a global recession mount. Indonesia, one of Asia's success stories of recent years, has been less hard-hit than many emerging economies by the war in Ukraine.
☆ How Indonesia is using diplomacy to call for the end of Russia's war in Ukraine
  + stars: | 2023-03-16 | by ( Sponsor Post | Created Insider Studios With Fcdo | ) www.businessinsider.com   time to read: +6 min
Indonesia has joined the vast majority of the world's countries in condemning Russia's invasion of Ukraine. Agriculture, IT, and energy are just a few of the areas with potential for partnership between Indonesia and Ukraine. Indonesia has worked hard to build bridges in the interests of global trade and regional stability. Bilateral opportunities: Trade between Indonesia and Ukraine totaled $1.24 billion before Russia invaded Ukraine. 141 countries, including Indonesia, voted in favor of Russia's immediate, complete, and unconditional withdrawal from Ukraine.
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