ECONOMIC IMPACT OF RUSSIAN INVASION TO UKRAINE: INDONESIAN GOVERNMENT'S RESPONSE BY INCREASING FUEL PRICES IN 2022
Journal: MANU Jurnal Pusat Penataran Ilmu dan Bahasa (PPIB)
Year: 2023

This study aims to explain how the response of the Indonesian government by increasing the price of fuel oil (BBM) because of the Russian invasion of Ukraine. By using the theory of the decision-making process, this article discusses how the Indonesian government formulates and implements policies regarding the increase in fuel prices as a result of the Russian invasion of Ukraine which resulted in a supply shock and an increase in world crude oil prices. This article may be the first article th