Russia blew up a Japanese freighter, and France seized a Russian freighter. Economic sanctions against Russia by European and American countries began.
Most of Russia's export earnings come from products such as oil, gas and coal. More than a third of the EU's gas imports depend on Russia, and as of now, the United States and Europe have not considered directly imposing export sanctions on Russian oil and gas, because in the context of high inflation, doing so will increase European energy costs, so Putin has pinpointed Europe's dependence on Russia's energy before daring to attack Ukraine. The de-dollarization of Russia's foreign exchange reserves in recent years has also prepared for today's war.
If Europe decides to abandon its dependence on Russian energy, then the European economy may be hit hard, and rising energy prices will lead to increased pressure on residents, most feared by the European mentality of striking when nothing happens. If people in many European countries went on strike to protest against rising prices, it would still have a great impact on the European economy.
Now it is the global economy, and one local economy is affected to some extent by other countries. War only makes arms dealers rich.
I hope that the war will end soon and peace will come sooner.