The effects of the Russian-Ukraine war
The effects of the Russian-Ukraine war
In today’s blog article I want to discuss with everyone something everyone no matter where or who you are should pay attention to. That is exactly the effects to come from the recent Ukraine- Russian conflict. This is going to have effects on everyone it doesn’t matter who you are as the effects are going to be widespread. Before we get into the article I just want to state that my heart goes out to the Ukrainian people and I keep them in my prayers for the nation to come out of this war safely. With all that being said we can now get into today’s important article.
Price hikes
The effects everyone can start to feel immediately are the price hikes for everyday commodities. The commodity that is feeling the price hikes immediately as of now is Gasoline. With prices expected to go up more as more sanctions are placed on Russia and as the war furthers into the year. Another good we can see price hikes in is food, especially wheat-based products. This is because Ukraine is one of the largest breadbaskets of Europe and it sits on one of the largest plains in Europe as well. They are also a major exporter of natural resources such as metal minerals and Salt. They are also a major exporter of steel and iron so expect industrial goods and vehicles to go up in price.
Inflation
One of the most concerning effects to come out of this conflict is inflation. To keep up on expenses we can expect the governments of the world to increase the inflation of their nation’s currency. With America officially hitting 7% inflation( More likely higher than 7 percent the FED are likely under-reporting inflation) we can expect America to officially hit double digit inflation rates. European nations might hit higher inflation rates than previously seen as they are more reliant on these exports from Ukraine than the U.S is. So expect the Euro or pound to lose some of its value in the coming weeks and months.
Assets
Many assets saw price action in the beginning hours of the war. With cryptocurrency taking the hardest hit out of all of the investment assets. However, it does seem that crypto is on the recovery but as we do enter the weekend we might see some downwards price action. The stock markets took the next biggest hit with the Russian stock market falling more than 50 percent in the waking hours of the war. Alongside that, the American stock market fell down but not to the extent of the Russian market. Assets that did see a positive price action were commodities like gold and oil.
My Final Words
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