ISU professor: Going to see some economic impact from Russian attack

Posted on February 25, 2022
Explosions were heard in Ukraine’s capital on Friday morning amid unverified reports that the fighting had already reached the heart of Kyiv. (Twitter/CBS News)

By Neil Doyle

NORMAL – Russia’s invasion of Ukraine will have an economic impact locally, according to an Illinois State University professor.

Dr. Mike Hendricks is an assistant professor in the Department of Politics at ISU. He spoke with WJBC’s Scott Miller.

“Gas prices just already went up to over $100 a barrel as soon as Russia started the invasion, so we are going to see an increase in our already high gas prices,” said Hendricks. “We are likely to see inflation rise even more. So it is going to impact us here in central Illinois.”

President Biden said Thursday that the U.S. will introduce a new wave of sanctions against Russia in a broad effort to isolate Moscow from the global economy.

Neil Doyle can be reached at [email protected]

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