What is the effect of Ukraine war on their balance of payments?  Discuss in 1000 wordsEconomics

What is the effect of Ukraine war on their balance of payments?  Discuss in 1000 words
There is still no sign of an end to the conflict in Ukraine after more than six months of warfare. Countless citizens are unable to go back to their homes. Many people who are still in the nation are compelled to go without a source of food, water, healthcare, and other necessities (Drakokhrust et al., 2019). This situation is not unique; restrictions on Ukrainian grain shipments have made hunger worse in some of the most fragile parts of the planet. Despite the fact that grain imports have resumed thanks to international efforts, the situation is still terrible. The ongoing fighting in Ukraine is seriously harming civilians and depriving millions of people of food, water, and other necessities.Since February 24th, the violence has mercilessly claimed over 13,000 lives, including more than 5,500 civilian deaths (International Rescue Committee, 2022). Civilian buildings, including hospitals and schools, has been severely damaged. Many locations in eastern Ukraine, wherein combat is most intense, lack power and have limited availability of food, water, and medical facilities. Aside from the very actual human cost, the conflict in Ukraine has had significant economic implications as well. These include infrastructure damage, a drop in the working age population, inflation, scarcity, uncertainty, an increase in debt, and interruption of regular economic activities (Drakokhrust et al., 2019). Cont…

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