Business Daily | by Rufas Kamau
On Thursday 24th February, Russia invaded Ukraine leading to over 1.7 million Ukrainians fleeing their homes in search of safety. To date, the war has made business almost impossible in Ukraine thereby affecting major supply chains.
In response, the Western world slapped a series of economic sanctions against Russia that have eliminated most business activity between them. The most affected are commodities that are largely produced by Russia and Ukraine and exported to the rest of the world.
As a result of increased risk of an all-out war between Russia and the West, investors have turned to risk-off mode and are reducing their exposure by hedging their positions in safe-haven assets such as gold and the Japanese Yen…
