Ukraine war: Asia is caught in rip tide of power polarisation and sanctions chaos

Feb 27, 2022 | INVESTING

Russia’s invasion of Ukraine has sparked diplomatic and economic chaos around the world. Amid intensified sanctions and concerns about Russia’s gas supply to Europe, the world seems to be scrambling to respond to a crisis quickly spiralling out of control.Across the Asia-Pacific, stock markets fell with the news, with market benchmarks down 2 per cent in Tokyo and Seoul, and more than 3 per cent in Hong Kong and Sydney on Thursday alone.Russia, stung by the 2014 sanctions after its annexation…

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