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29 Mar The impact of the Ukrainian crisis on the economy of the Western Balkans

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The escalation of conflict between Russia and Ukraine is reflected to the Western Balkans companies through three channels. The first is energy and food prices (oil and gas, wheat, corn, animal feed), as these are input raw materials in the production process. Russia and Ukraine are the main energy producers and suppliers (40% of gas consumption in the EU and 27% of oil is from Russia).