Summary 

Since 2020, the global economy has been influenced by such non-economic phenomena as the COVID-19 pandemic, Russia's war in Ukraine and economic sanctions imposed by the West against Russia.

Due to the rupture of global supply chains during the pandemic, the erroneous impression that the process of globalization has ended, and the process of de-globalization and isolationism has begun. What actually took place was not deglobalization, but pseudo-deglobalization.

Based on the global nature of the pandemic, overcoming it is possible only with a global approach. And isolationism is useless in overcoming the pandemic. Economic development in the post-pandemic period is possible only with a global approach to the world economy. At the same time, the new contours of globalization must necessarily take into account the issues of economic security. First of all, we are talking about energy and food security.

In the context of the COVID-19 pandemic, the so-called turbulent globalization has taken shape.

Russia’s war in Ukraine, and especially the economic sanctions imposed by the West against Russia, provoked the formation of a confrontational nature of the world economy. Since not all countries of the world have joined these economic sanctions, and many EU countries continue to buy Russian gas and oil, the process of globalization has not disappeared at all, but has turned into confrontational globalization.

It is obvious that after the end of this war, and especially after the lifting of the noted economic sanctions from Russia, the world will begin a renewed process of globalization, which, in principle, is an irreversible process.

Keywords: COVID-19 pandemic, economic sanctions, globalization, turbulent globalization, confrontational globalization.