Russia-Ukraine crisis: Asian economies face ‘disastrous’ rise in fuel and commodity prices, with Japan and South Korea likely to bear brunt

Feb 23, 2022 | INVESTING

The Russia-Ukraine crisis could prove “disastrous” for Asian economies, with surging prices of fuel and commodities likely to add to coronavirus-induced economic woes, economists have warned.Although Western countries stopped short of enacting sanctions on direct supplies of goods from Russia as they levied “modest first-tranche” restrictions on Russian elites and financial systems, the crisis has sent jitters through markets and triggered price surges in key Russian exports such as oil, gas…

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