The Economic and Social Council discussed the repercussions of the Russian-Ukrainian crisis on the Jordanian economy, to come up with a policy paper that includes the expected repercussions on the economy and proposals and solutions to avoid them, during a session held by the Council, in the presence of specialists, experts, and representatives of the public and private sectors.

The participants in the session recommended, according to a statement issued by the council, the necessity of replacing imports from other countries, diversifying energy sources, in addition to cooperation between the industrial and trade sectors for the growth of the national economy, and maintaining financing programs for economic sectors and food security networks.

The Chairman of the Council, Dr. Musa Shteiwi, said that the Russian-Ukrainian crisis has been a global crisis since its inception. Thus, its effects will affect Jordan, like other countries in the region.

He indicated that the council seeks to study the potential effects on the Jordanian economy to come up with recommendations and proposals that would enable the government to take proactive measures to overcome the crisis with minimal losses.

For his part, former Deputy Prime Minister Dr. Jawad Al-Anani pointed to the importance of developing different scenarios to deal with the effects of the crisis on the region, reconsidering the costs of energy and investment, in addition to relying on local production by the Ministry of Agriculture.

The Assistant Secretary-General for Plant Wealth at the Ministry of Agriculture, Dr. Mahmoud Al-Rabaya, indicated that the Kingdom's total imports from Russia and Ukraine do not exceed 7 percent, and include grains and oils, noting that the size of the impact depends on the weight of Russia and Ukraine in the export markets.

The Secretary-General of the Ministry of Higher Education and Scientific Research, Dr. Mamoun Al-Dabai, explained that the ministry has created a platform for Jordanian students studying in Ukrainian universities to help them, encouraging students who are studying medicine and dentistry to go to the neighboring countries of Ukraine, which have similar education systems.

The Director of the Department of Economic Affairs and International Cooperation at the Ministry of Foreign Affairs and Expatriate Affairs, Ambassador Ismail Al-Maaytah, confirmed that the ministry worked to activate a crisis cell, and called on the relevant partner institutions and the Center for Security and Crisis Management to take appropriate measures.

The head of the Amman Chamber of Commerce, Khalil Al-Haj Tawfiq, called for the necessity of supporting traders due to the lack of sufficient liquidity, in addition to the work of the Crisis Cell Department to study the repercussions of the crisis after its end.

The Secretary-General of the Economic and Social Council, Dr. Mitri Madanat, indicated that the crisis may remain in the medium term, and there will be direct and indirect effects on the economic situation in Jordan in several respects; Such as food security, energy costs and supply chains, noting the need to take quick measures based on scientific and realistic studies.

The participants indicated that one of the results of the crisis is the impact on inflation rates, production rates and energy, which in turn will affect several vital sectors such as the tourism and transportation sector.