Yes, although not in ways that are as obvious as looking at a price number. Peaceful democracies make much better economic partners than belligerent autocracies

Yes, although not in ways that are as obvious as looking at a price number. Peaceful democracies make much better economic partners than belligerent autocracies. If you're one of the millions of people living near Russia, a Ukrainian defeat would mean a much higher chance that your city gets flattened by rockets in the future. The more that wars of aggression and nuclear threats get rewarded, the more of them the world will see, increasing the odds of larger scale violence.