Markets 360

Sanctions on Russia: Impacts on the globe


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With: 


Marcelo Carvalho, Head of Global Emerging Markets Research  

Luiz Eduardo Peixoto, Economist, Emerging Markets

Burak Baskurt, CFA, Chief Emerging Markets Strategist

BNP Paribas | Global Markets (Recorded 02 March  2022) 


Significant sanctions were introduced on Russia in recent days, and more could come– suggesting the country may be cut off completely from much of the world economy and financial system.

  

Impacts to the Russian economy will be substantial, and include double digit inflation and a sharp recession. The country has also reacted with counter-sanctions.  

  

One of the main channels of transmission to the rest of the world will be through added inflationary pressures coming our way.  


In EM, Central and Eastern Europe are the most exposed not only geographically but through trade, while Asia may be more isolated from impacts.






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Markets 360By BNP Paribas Global Markets