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In the last few weeks, we have witnessed the ongoing conflict between Russia and Ukraine and the global attention its received. Given that Russia is a major oil producer (i.e., Russia is the 3rd largest producer of oil and is a major oil producer in Europe, and supplies about 30-40 percent of Europes natural gas needs) as well as the negative effect of the conflict on the lives of Ukrainian (and Russian) citizens, discuss some of the immediate and future economic/immigration costs of this Russia-Ukrainian conflict on the Global economy. How do you think this conflict is going to impact the U.S?
