Opportunities and Challenges in Malaysia's Economic and Trade Field in the Context of the Modern Eastern European Conflict

Malaysia is a resource exporting country and one of the Southeast Asian countries with the best economic recovery after the COVID-19 epidemic. The conflict between Russia and Ukraine (from February, 2022) to the global supply chain system has brought a huge impact, countries have encountered varying degrees of impact. The focus of this article is the process of economic recovery in Malaysia under the impact of the Russian-Ukrainian conflict, defining the opportunities and challenge. This paper argues that the conflict between Russia and Ukraine has brought Malaysia considerable gains in the foreign trade sector and opportunities for the latter to seek a higher market position in the global industrial chain, it also offers the prospect of greater cooperation among Malaysia's major powers. But Malaysia also faces the challenges of internal economic governance, internal political turmoil and fierce great power competition. How to deal with the challenges will be an important topic for the future development of Malaysia's economy and trade.