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On November 11th, Russia announced that it had finalized an agreement with Georgia, clearing the way for its accession … to the World Trade Organization after 18 years of negotiations. One of the last remaining issues is Russia … energy companies. This particularly concerns Gazprom, Russia’s state-controlled and vertically integrated natural gas …
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We investigate the event-based geopolitical shocks from the Russian invasion of Ukraine on selected agricultural and energy commodities using daily event-based structural vector autoregression (SVAR). We find that the geopolitical shock affects the markets of wheat (3%) and European natural gas...
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