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Russia鈥檚 military attack on Ukraine is already having impacts across the world - on stocks, shares, oil prices and currencies.

But there are also concerns it could affect energy and food supplies, and it could have lasting impacts on the EU鈥檚 and America鈥檚 standing in the Middle East and Africa.

Julien Barnes-Dacey is Director of the Middle East and North Africa programme at the think-tank, European Council on Foreign Relations. He says the conflict is presenting 鈥渁 new degree of political leverage and financial resources to manoeuvre with鈥�.

(Picture: Russia's President Vladimir Putin at a meeting on economic issues in Moscow on February 17, 2022. Credit: ALEXEY NIKOLSKY/Sputnik/AFP via Getty Images)