The world was stunned when war broke out in Ukraine all of a sudden. Russia which has been in confrontation with Ukraine since 2014 launched an offensive in the largest European nation on February 24. Ethnic, geopolitical, and territorial elements came into full play to trigger the Russian-Ukraine war, threatening global peace, order, and economic stability. The consequences of this war will not be confined to the borders of the warring nations. It has spread multiple negative impacts on the world that had just begun to pick up the pieces following the recovery from the COVID-19 pandemic. In addition to the growing human casualties, the war has turned the economic and international relations order upside down. The World Bank has said that the conflict will reduce the estimated global economic growth as it occurred at a time when runaway inflation is taking its toll on the global economy.