Impact of the War on Ukraine | Regional Insights
Isolated Russia: The Devastating Blow of Sanctions on the Russian Economy
Russia’s ongoing war in Ukraine had a rattling effect on the global economy but it also unleashed economic sanctions of an unprecedented scale This insight illustrates the short-term effects that became immediately visible after the invasion started, as well as to suggest which important economic indicators could be affected in the medium to long term. The insight offers soft data on business and consumer sentiment which often give early signals for the current condition of the economy. In addition, forecasts from different sources are available within this insight.
Russia-Ukraine's War Impact on China: A Closer Look at the China-Russia Economic Ties
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What with China being the world's industrial powerhouse and Russia being the world's top energy exporter, there is no doubt that China's energy imports from Russia are the highlight of bilateral economic ties. The energy ties between both nations had already become close before the war and they will very likely be further enhanced with the expected international bans on oil and gas imports from Russia. An interesting aspect of the ever-growing energy trade between Russia and China is the shift of currencies used in settlements.
Russia-Urakine's War Impact on India: Is There a Silver Lining?
India’s economic activity has been gradually recovering from the two major waves of COVID-19 thanks to the improved management of the situation on behalf of central and state governments, backed by a rigorous vaccination drive. However, the onset of the Russia-Ukraine war has cast a shadow on the growth trajectory of the country, due to the multiple channels of impact on India. This insight covers trade, inflation, financial markets and government finances.
Sanctions on Russia May Hit Brazil Crop Production, Push Inflation Up
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Despite accounting for only 3% of Brazil’s total import value in December 2021, trade with the Russian Federation is extremely relevant for the Brazilian economy. Brazil imported 85% of the total amount of fertilizers used in its territory in 2021 (in 2017 it was 76%), according to the National Association for the Diffusion of Fertilizers (ANDA), with the Russian Federation being the main supplier, accounting for 23% of Brazil’s imports of the product.