Ukraine escalation likely to hit capital not commodities

24 February 2022

Salman Ahmed, Global Head of Macro and Strategic Asset Allocation, Fidelity International, comments on the impact of potential sanctions on Russia following escalation of hostilities in Ukraine. Much of the ‘war risk’ premium has already been factored into spot prices in recent weeks, but any tit-for-tat sanctions imposed by major powers in response to a full-scale...