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Daily Briefing: RUSSIA’S INVASION OF UKRAINE ADVANCES GLOBAL ECONOMIC UNCERTAINTY

Sanctions on Russia Will Shake the World Economy for Years: Jonathan Bydlak, Spectator World, Mar. 9, 2022 The war in Ukraine will dominate the news for the foreseeable future. But while the bombings will eventually cease, the economic consequences for the world have just begun. That’s because in an era of increasing interconnectedness, economic impacts don’t stop at borders.


3 Ways the Russian Invasion of Ukraine Is Already Screwing Up the World Economy:  Jonathan Vanian and Nick Lichtenberg, Fortune, Feb. 24, 2022

Analysis: Ukraine Invasion Sets Back Musk’s Dream for Cheaper EVS, for Now: Hyunjoo Jin, Reuters, Mar. 7, 2022

Russia’s Attack on Ukraine Threatens Global Food Supply:  Joseph Wilson, Samy Magdy, Aya Batrawy and Chinedu Asadu, The Christian Science Monitor, Mar. 7, 2022

Russia Warns Sovereign Bond Holders That Payments Depend on Sanctions:  Guy Faulconbridge and Karin Strohecker, Reuters, Mar. 6, 2022


For Further Reference:

Energy Prices Surge on Ukraine Crisis With Oil Closing In On $100:  Anna Shiryaevskaya, Isis Almeida and Alex Longley, World Oil, Feb. 22, 2022 — Energy prices surged after Russian President Vladimir Putin signed an order to send what he called “peacekeeping forces” to the two breakaway areas of Ukraine that he officially recognized on Monday.

IMF Warns of Serious Global Economic Consequences From Russian Invasion of Ukraine:  Lisa Kim, Forbes, Mar. 5, 2022 — The International Monetary Fund warned Saturday that Russia’s invasion of Ukraine and the international sanctions it has sparked will have a “severe impact” on the global economy, as the lender said that it plans to bring Ukraine’s prior request for $1.4 billion in financing to the board for approval as early as next week.

Global Economy Braces for Impact of Russia’s War on Ukraine:  Tom Fairless, WSJ, Mar. 7, 2022 Soaring commodity prices, sweeping financial sanctions and the potential for a ban on energy imports from Russia after it invaded Ukraine are threatening to hobble a global economy still weakened by the Covid-19 pandemic. 

Economic Dangers from Russia’s Invasion Ripple Across Globe:  Paul Wiseman and David McHugh, AP, Mar. 2, 2022 Moscow’s war on Ukraine and the ferocious financial backlash it’s unleashed are not only inflicting an economic catastrophe on President Vladimir Putin’s Russia.

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