MONROVIA, LIBERIA-A Liberian economist wants Liberia start to brace itself for possible economic consequences that may arise from the Russia-Ukraine Crisis.
Already global oil price has hit seven-year high of more than one-hundred United States Dollars a barrel, while shares dropped as the conflict erupted early on Thursday, February 24, 2022.
Speaking to ELBC on Thursday, February 24, 2022, Mr. Samuel Jackson recommended the convening of a cabinet meeting to brainstorm ways of mitigate the economic and geo-political impact of the conflict on Liberia.
According to him, the Russia-Ukraine conflict could affect the price of Liberia’s major exports, including rubber and iron ore, something he said could undermine the Country’s recovery process.
Mr. Samuel Jackson noted that the crisis is of concern to Liberia, and the authorities should critically monitor the trend of events.