the most severe economic and financial impact will be in Ukraine and Russia. Much of Ukraine is already devastated by the … the back of high energy prices. If the EU were to ban imports of energy from Russia, or if Russia itself limits or stops …, Russia and the rest of Europe has been changed radically by the events of the last few weeks. For Ukraine, if one part of the …

It remains unclear whether or not Russia will actually invade Ukraine, and if it does so, what form this invasion will … take. In this note, we outline two broad scenarios: targeted strikes by Russia in Ukraine accompanied by further non … sanctions on either Russian GDP or the FX rate. However, we find that Russia is extremely vulnerable to a reduction in the price …