Why “Paying in Rubles” May Prove Irrelevant
Kahn, Charles M. (2022-04-08)
Russia’s recent decree to 'unfriendly' buyers of its natural gas may not make a great deal of difference in economic terms.
On the Economy

Reviewing the Impact of Energy Sanctions on Russia
Neely, Christopher J.; Dunn, Jason (2023-02-16)
So far, Western sanctions on Russian oil and gas exports appear to be working. But in the longer term, Russia may find ways to evade the price cap imposed on its oil sales.
On the Economy

Russia’s Invasion of Ukraine and Its Impact on Stock Prices
Neely, Christopher J.; Jordan-Wood, Samuel (2022-06-30)
Since the two countries are global suppliers of raw materials, Russia’s invasion of Ukraine triggered a commodity price shock. Which stocks were most sensitive to it?
On the Economy

Journal Article
The Russian Invasion, Oil and Gasoline Prices, and Recession
Neely, Christopher J. (2022-04-27)
The Russian invasion of Ukraine has substantially increased commodity prices, increasing risk to global economic activity.
Economic Synopses , Issue 10 , Pages 1-2

Trade Linkages in the Shadow of the Russia-Ukraine War
Dunn, Jason; Leibovici, Fernando (2022-03-29)
Skeptics have raised questions about the future of globalization. Could divisions over the war provide insights into the strength of global trade ties?
On the Economy

Journal Article
A Shutoff of Russian Natural Gas
Neely, Christopher J.; Dunn, Jason (2022-11-17)
A shutoff of Russian natural gas to Europe will produce heterogenous effects that reflect local winter weather, national dependence on such flows, and policy responses.
Economic Synopses , Issue 29 , Pages 1-2

The Arms Trade and Its Bearing on the Russia-Ukraine War
Bandyopadhyay, Subhayu; Grittayaphong, Praew (2022-11-21)
The arms trade links nations through their security interests, and its current patterns may be complicating a political resolution of the Russia-Ukraine war.
On the Economy

Why Financial Sanctions Might Not End Russia’s War on Ukraine
Restrepo-Echavarria, Paulina; Grittayaphong, Praew (2022-08-23)
A study that examined sovereign risk among oil-exporting countries provides insights into why sanctions may not deter Russia, a major oil-exporter.
On the Economy

Journal Article
Financial Market Reactions to the Russian Invasion of Ukraine
Neely, Christopher J. (2022-10-21)
This article analyzes financial market reactions to the Russia-Ukraine war with a focus on the opening weeks. Markets did not completely anticipate the war, and asset price reactions strengthened from the first week—when there were hopes for a quick resolution—to the second week, when prices generally peaked and began to partially revert to prewar values. Exposure to commodity trade and trade with Russia and Ukraine determined market perceptions of the riskiness of equity and foreign exchange assets. Credit default swap prices on sovereign debt and breakeven inflation rates indicate that ...
Review , Volume 104 , Issue 4 , Pages 266-296

Journal Article
How the Russia-Ukraine War Helped Fuel Record Fertilizer Prices
Jenkins, Suzanne (2022-10-04)
The Russia-Ukraine war further tightened the global supply of fertilizer, pushing prices to record highs in March 2022 and causing concern for U.S. farmers.
The Regional Economist