More on the Ukraine conflict

Today’s links carry a widely-diverging set of opinions about the moral issues surrounding the situation in Ukraine. But since this is a finance site, I want to discuss the economic issues. I continue to believe the Ukrainian situation will have only a modest impact on the global economy unless war breaks out. Moreover, Europe’s trade linkages to Russia make sanctions a trickier subject for Europe than the US. Expect to see diverging views within NATO and no meaningful economic penalty as a result.
According to the Guardian yesterday, the crisis in Ukraine sent the prices of wheat and corn up substantially as Ukraine is one of the world’s largest exporters of both grains. Oil prices have also increased. And European natural gas prices are very tied to Russia as natural gas is not a global ...


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