Last updated on November 2, 2023
The impact of Russia’s war in Ukraine continues to be felt in commodity markets, according to a multilateral lender. The conflict, which started in 2014, has caused significant disruptions and volatility in commodity markets worldwide. The lender highlights that the uncertainty surrounding the conflict has had a lasting impact on supply chains and trade relationships in the commodities sector.
The lender emphasizes that the situation in Ukraine has particularly affected energy markets, as Russia is one of the largest exporters of oil and gas. The ongoing tensions have contributed to market instability, with fluctuations in prices and significant supply disruptions. Additionally, the lender notes that other commodities, such as metals and agricultural products, have also experienced the repercussions of the conflict, as trade routes and relationships have been disrupted.
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