Two weeks have passed since the last one. Russian forces invaded Ukraine — and the consequences keep piling up, both in the region and across the world.

So far the war has produced hundreds of civilian deaths and injuriesThere has been regular bombardment of cities by Russian troops and fierce fighting between Ukrainian defence forces and Russian soldiers. influx of civilian volunteers. Over 2 million people are a part of this community. fled UkraineAs a result, refugees are increasingly moving into neighboring countries. humanitarian crisis.

Russian President Vladimir Putin claims Russia’s goal in Ukraine is “demilitarization”, but evidence is scarce to back up any allegations of aggression. Most experts believe Russia’s end goal likely involves removing Ukraine’s current pro-Western, democratic government — led by President Volodymyr Zelenskyy — and installing a pro-Russian regime in its place.

The United States and its allies within the North Atlantic Treaty Organization, (NATO), have a strong relationship. condemned Russia’s invasionPresident Joe Biden called it “unjustified” Many countries, including the U.S., have placed a variety of extreme and unimaginable restrictions. economic sanctions on Russia over the war — and they’re likely not done yet. U.S. officials have hintedIt is possible that additional sanctions are still in place.

These are some of the common questions that have arisen from this rapidly evolving situation: What economic implications will war have for you? What is the U.S.’s plan to send soldiers into Russia or Ukraine. How could it end?

These are the facts:

Why doesn’t America send soldiers to Ukraine?

Some Americans have openly questioned whether American troops can be sent to Ukraine in order to defend its citizens. Biden effectively has put all those doubts to rest. saying at the end of FebruaryThe U.S. does not intend to fight Russia.

The U.S. has placed orders since the beginning of the invasion roughly 14,000 troopsNATO-aligned countries such as Germany, Poland, or Romania. The U.S. has also ordered all troops stationed in Ukraine prior to the invasion to evacuate – along with any U.S. citizens – and join American forces stationed elsewhere in Europe.

To prevent this conflict from spreading, the Pentagon has been clear with Biden’s administration. Biden last month stated that U.S. forces were not engaged and would not engage in the conflict. He also said that U.S. troops deployed to Europe “will only defend our NATO allies” and “reassure these allies”. [eastern Europe].”

Biden wants to avoid any direct conflict between U.S. and Russian military forces, and avoid turning the conflict into a global war between Putin and NATO.

Biden declared, “That’s when Russia and Americans begin shooting at one other. That’s a war.”

Similar to Ian Bremmer (president of geopolitical consulting Eurasia Group), told CNBC this weekDue to the huge implications of this, Western countries should not send troops to Ukraine or install a no-fly area over it.

Bremmer stated, “That results in direct confrontation between NATO troops and Russian troops, and consequently risks World War III.”

How the war affects markets, inflation, you and your economy

The war in Ukraine – and threat of further destabilization in Europe – has thrown global marketsIn turmoilBecause Russia plays a dominant role in many global commodity markets, this is why the economy has grown. David Malpass, president of the World Bank Group recently called it “a catastrophe”For the global economy, this could lead to higher inflation and worsening economic conditions in the poorer nations.

This is unlikely to spark a recession here in the U.S. economic growth has been strong over the past year — but the war will probably continue to affect consumer prices and confidence.

Gas pricesRecord levels have been set in the U.S. Biden warnedOn Tuesday, he stated that gas prices would rise further after Russia’s oil import ban. He promised to look for ways to stop these increases.

This is not only about gas. Combined, Russia and Ukraine make up nearly 30% of the world’s wheat exports, according to Capital Economics — and prices for products like wheat and corn have surgedSince the beginning of war.

The week before, CNBC Make It offered some adviceYoung people need to be able to save their money during times of turmoil. This includes managing your fuel costs and making long-term investments which are protected from volatility.

Is this the end of it?

The resistance of the Ukrainian defense forces has been inspiring, CNBC noted on TuesdayMost experts and analysts believe that Russia’s military might is too strong to be defeated in an extended conflict. It’s difficult to predict what the future holds.

One scenario that experts believe is possible involves Putin gaining some kind of “patchy” control over Ukraine’s parts, thereby allowing Russia to create part of the territory and establishing a loyal regime. Many analysts believe that the majority of Ukrainians are not. opposed to Russian controlover their country and they would most likely refuse to recognise any proRussian regime.

A diplomatic solution could work best for Ukraine and Europe’s neighbors. In this scenario, Putin does not remove Zelenskyy from his democratic government but eventually withdraws all Russian troops.

After the cease-fire negotiations between the two nations, it may appear unlikely that this outcome will occur. failed — but Russia’s position seems to be softeningAfter the hard work it has had to endure in Ukraine. However, it is possible to find a diplomatic solution.

But even in such a scenario, Europe’s political and physical damage from the conflict could reshape European politics into the future. This week was earlier. economist Tim Ash told CNBC that Putin could be looking to build a new “Iron Curtain” of pro-Russia countries between himself and the rest of Europe — and neighboring NATO countries would likely remain defensive for some time, fearing hostilities spilling across their own borders.

Ash claimed that Putin has a strong determination to return Russia’s control over ex-Soviet states, who have become more aligned and more like the West.

He stated that Putin still wanted Ukraine.

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