A Systematic Literature Review (SLR): Impact of The Russian – Ukraine Conflict

Abstract

This study analyzes the impact of the Russia-Ukraine conflict on the Indonesian economy, with a focus on the SME sector. Through in-depth literature analysis, the research highlights the challenges faced by SMEs in dealing with disruptions in international supply chains, dependence on imports from Russia and Ukraine, and energy price fluctuations. The impact is evident through additional pressures on SMEs involved in international trade, both in terms of disrupted flow of goods and services and currency fluctuations. To address these challenges, SMEs need to adopt business strategies focusing on sustainability, supply chain risk management, and energy efficiency to minimize the negative effects of the Russia-Ukraine conflict and remain competitive in domestic and international markets.