Opinion and commentary

Explained: War impact, beyond oil

By Harish Damodaran

The Indian Express

March 4, 2022

The current Russian invasion of Ukraine — unlike previous wars in Iraq and Libya or sanctions against Iran — is having an impact not just on energy prices. The effects of shipping disruptions through the Black and Azov Seas, plus Russian banks being cut off from the international payments system, are extending even to the global agri-commodities markets.

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