Vol. 7, Issue 1, Part A (2025)

The share of Russia in India’s total trade is just about 1%, and would not make much of a dent. It is, however, the indirect impact-through the markets-that is a key concern. Higher prices will definitely come in the way of demand and consumption. For elucidating the impact of Russia-Ukraine war on Brent crude oil Index, the event study methodology is used which analyses the change in the index prices reflecting how the event affected the market returns beyond expectation. The event study is conducted by taking the pre-event period of 21 days and post event period of 21 days. Russia Ukraine war did have an impact on the Brent crude oil Index resulting in abnormal returns which indicates scarcity in the supply of the crude affects positively for Brent crude oil Index through price hike and higher demand.
JEL Classification codes; F, G