Russia’s military aggression against Ukraine, which has become Europe’s largest ground war in generations, has impacted millions of people and triggered a large-scale humanitarian crisis as vulnerable Ukrainians take shelter or flee their homes. The intensification and spread of the conflict is deeply troubling and is having a devastating impact on those people caught in the crisis.
This article focuses on potential market and economic implications of the conflict.
1. Source: Central Bank of Russia (which publishes reserve composition to June 2021) and Capital Group estimations.
2. Source: Capital Group
3.Source: CBR. As at 28 February 2022
4. Source: Bloomberg. As at 28 February 2022
5. Source: Agriculture and Horticulture Development Board. As at 28 February 2022.
6. Source: Barclays Research