War conflict between Russia and Ukraine will bring more inflation, says expert.

An increase in world inflation is what is expected in the coming days due to the effects suffered by international markets, after the war between Ukraine and Russia. The specialist in International Law, security and national defense, Erasmo Muñoz Marín, reaches this conclusion.

Marín told the Panama Hoy evening edition that European countries are definitely directly affected by the sanctions applied to Russia since this country exports almost 70% to Europe.

This conflict will bring with it an economic imbalance between supply and demand for various products, thus generating a general increase in prices.

¨This brings with it that we have an extremely tense situation, not only in European countries due to the issue of war, but also how volatile the international markets woke up today and the stock market that went to the floor, the price of oil, of gas have increased exponentially¨, said Marín, reiterating that definitely the sanctions announced by the president of the United States Joe Biden, by the European Union and Boris Johnson are going to bring with them that, in the coming days, we will have more inflation than we we have already had and affect international markets

Russia is the country that supplies oil and liquefied gas to most European countries.