Russian forces invaded Ukraine in February 2022 in a drastic escalation of prior military incursions. Our posts cover some of the economic ramifications of the invasion, including the war’s evolving impact on energy markets and the ripple effects on global inflation; as well as the application of economic sanctions on Russia.
September 16, 2022
Energy exports have dominated the foreign earnings received by Russia. Over the long term, Russia’s energy sector is likely to be negatively impacted by the war.
August 1, 2022
Food inflation has been one of the drivers of inflation. While it has begun to slow in developing countries, it remains historically high in the U.S. and eurozone.
June 16, 2022
About a tenth of the world’s population is facing hunger. Hunger’s dramatic increase is the result of a perfect storm of conflict, COVID-19, climate, and cost.
June 1, 2022
The dollar’s value against six major currencies reached a 20-year high in mid-May. How has the war in Ukraine contributed to the rise? What are the implications?
March 31, 2022
The price of gasoline has spiked since the Russian invasion of Ukraine. Politicians have been quick to call for a temporary suspension of gas excise taxes. But is this good policy?
March 17, 2022
Russia’s effort to “sanction-proof” its economy has had limited success. Reliance on commodity exports and on imports of industrial goods are one vulnerability.
March 4, 2022
Banning Russian banks from the financial messaging system freezes their ability to transact with the rest of the world and can impose tremendous costs.