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BRIEF NO.3
Global impact
of war in Ukraine:
Energy crisis
U N GLOBA L CR IS IS
R E S P ON S E GR O U P
ON FOOD, E NE R GY
A ND F IN A NCE
AU G U S T 20 2 2
Source: Shutterstock ©Ruwan Walpola
Executive summary:
Recent developments
Since the issuance of the second brief by the Global Crisis
Response Group (GCRG) on 8 June 2022, the impacts of
the ongoing cost-of-living crisis have been felt more deeply
and widely across the world.
2 GLOBAL IMPACT OF WAR IN UKRAINE: ENERGY CRISIS
More people are now forecast to be pushed into Falling prices are key to breaking the vicious
food insecurity and extreme poverty by the end cost cycle highlighted in GCRG Brief No. 2.
of 2022. The most recent operational programming The fall in prices might have been influenced by
update from the World Food Programme (WFP) bumper crops in Australia, Canada, the Russian
estimates that in 2022, 345 million people will Federation and the United States of America,
be acutely food insecure or at a high risk of food as well as by optimism following the signing on
insecurity in 82 countries with a WFP operational 15 July 2022 of the agreement between the Russian
presence, implying an increase of 47 million acutely Federation, Türkiye and Ukraine, under the
hungry people due to the ripple effects of the war in auspices of the United Nations, to reintegrate grains
1
Ukraine in all its dimensions. Meanwhile, in
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