- Analytics
- News and Tools
- Market News
- Potential impact of the Russia-Ukraine tensions – UOB
Potential impact of the Russia-Ukraine tensions – UOB
UOB Group’s Head of Research Suan Teck Kin, CFA, and Economist Lee Sue Ann comment on the probable effects of the ongoing geopolitical effervescence in the Russia-Ukraine conflict.
Key Takeaways
“Brewing tensions between Russia and Ukraine have escalated rapidly. This comes after Russian President Vladimir Putin, on Mon (21 Feb), ordered troops into two breakaway regions of eastern Ukraine after announcing that he would recognize their independence. The White House has responded by levying a number of sanctions on the region.”
“The Russian economy ranks outside of the top 10 in the world. And while it is known for its exports of oil and gas and other resources, its trade volume is relatively small compared to the countries of the same size. Russia has also been making defensive moves to minimize damages from financial sanctions, especially after the round imposed in Mar 2014 following the conflict over Crimea.”
“Nonetheless, the situation remains very fluid, and this has kept the world watching and waiting to see what Putin will do next and how the US and Europe will be responding. As it is, the latest news has fueled the return of investor demands for traditional safe havens like gold, US Treasuries, JPY and CHF.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
