AB Talks: Evaluating the economic impact of the Russia-Ukraine conflict, rising inflation and energy transition goals – ArabianBusiness

AB Talks: Evaluating the economic impact of the Russia-Ukraine conflict, rising inflation and energy transition goals – ArabianBusiness

The fallout of the Russia-Ukraine conflict has already begun to cause concerns in the Middle East, as the third-largest exporter of oil in the world and the bread-basket of Europe faces sanctions, causing fuel and wheat prices to rise while certain Middle East airlines temporarily suspend flights to destinations in Russia.

Meanwhile, the Middle East economies are also facing the impact of inflation as they continue to drive their energy transition agendas.

Scott Livermore, the ICAEW economic advisor and chief economist at Oxford Economics, talks to Arabian Business in an exclusive interview explaining the economic impacts that the Middle East needs to brace for in the weeks to come.