Recent developments in the Ukraine-Russia conflict have attracted global attention, with profound political, economic and social implications. Since the Russian invasion in February 2022, the situation has become increasingly complex. Interestingly, fighting in the Donbas region and around the city of Kharkiv continues with high intensity. Ukraine, supported by military and financial assistance from Western countries, succeeded in reclaiming several territories previously controlled by Russia. However, Russia is also strengthening its position with new strategies and more coordinated troop movements. In September 2023, reports from international organizations revealed an increase in the number of refugees resulting from this conflict, with more than eight million people seeking asylum in European countries. The humanitarian situation is becoming increasingly urgent, with many people losing their homes and access to basic needs. Countries such as Poland and Germany are actively providing support, but the challenges are increasing with the influx of refugees. On the diplomatic front, efforts to hold peace talks have hit a dead end. The Ukrainian side rejects any offer that does not include a complete withdrawal of Russian troops from Ukrainian territory, while Russia wants recognition of the territory they have occupied. World leaders, including the leaders of the G7 and NATO, continue to press for a diplomatic solution, although such action is often hampered by distrust between the two sides. The economies of both countries were also badly affected by the conflict. Ukraine experienced significant losses in infrastructure, agriculture and industry. Meanwhile, Russia is experiencing international sanctions which are putting pressure on their economy, but they are trying to strengthen their economic relations with non-Western countries, especially China and India, to reduce the impact of these sanctions. In the context of military technology, both countries invest in advanced equipment. Ukraine receives deliveries of modern weapons from Western countries, such as missile systems and drones, increasing its capabilities in dealing with attacks. Russia is also increasing investment in cyber warfare technology, seeking to dominate information and influence international public opinion. From a social perspective, this conflict has triggered polarization in society. Social media is becoming the new battlefield for propaganda, with propaganda from both sides competing for international and domestic support. Domestically, rising prices of basic commodities and inflation are creating dissatisfaction among citizens, potentially triggering a wave of protests. The development of the situation in Ukraine-Russia has had a broad impact not only regionally, but also globally. Energy price growth and uncertainty in international markets continue to be hot topics among economists. European countries, for example, are starting to look for alternative energy sources and increasing renewable energy production to reduce dependence on Russian gas. Meanwhile, military simulations conducted by NATO near the Russian border are increasing tensions, with both sides monitoring each other’s movements. This military exercise is seen as an effort to prepare for the worst possible scenario, if the conflict continues into the coming year. Overall, the Ukraine-Russia conflict remains a complex issue, with many dynamics changing over time.