Comment on the Russian invasion and the economic consequences of the war in Ukraine.
The war in Ukraine has sunk all the capital markets in the world. The stock market declines in Europe were moving around 5%, with an exception made only the US markets, which after President Biden’s speech went green. Before that, they were down about 2.5%. The price jump of energy carriers, as well as cereals, was mind-blowing. A decline in Russian ruble, which passed 100 rubles per dollar, collapse of shares of Russian companies, strong growth in assets shelters. The consequences of the Russian adventure are yet to become clear in the markets, but from now on it is clear that there will be no winners.
What can we expect and can sanctions curb Putin?
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