The Impact of the War in Ukraine on EU Foreign Trade

The ongoing conflict in Ukraine has reverberated far beyond its borders, impacting not only the lives of those directly involved but also influencing broader geopolitical dynamics and economic relationships.One significant aspect of this impact can be observed in the territory of European Union (EU) foreign trade.Russian invasion of Ukraine has introduced a complex set of challenges and implications for EU foreign trade policies, practices, and partnerships.The paper utilizes autoregressive distributed lag (ARDL) technique to examine the geopolitical risk index (GPR) implications on commodity prices.Thorough examining the impact of the war in Ukraine on EU foreign trade becomes crucial for understanding the interconnectedness of conflicts and trade dynamics.This paper examines how the conflict has influenced the EU's trade relations with Ukraine, its neighbouring countries, and other key trading partners.Additionally, it explores the measures taken by the EU to address the disruptions caused by the conflict and to safeguard its economic interests while upholding its values and commitments to peace and stability.The paper examines the impact on most traded agricultural commodities.Overall, the past research suggests that the war in Ukraine has had a significant impact on EU agricultural trade, leading to disruptions, market instability, shifts in production patterns, and policy responses