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Impact of the Russia vs Ukraine Conflict on the Stock Market
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[QUOTE="Alexandoy, post: 222713, member: 25510"] My take on the conflict in Russia-Ukraine is a war of economics. Europe has reacted to the invasion of Russia that Russian bank accounts are like hostage because Russian banks cannot deal with European banks. Monetary transfer to outside bank cannot be done which means Russians are confined to their country. If they need to pay someone abroad then they cannot do that now. I guess that bank moratorium can affect the economy not only of Russia but also other countries. For example if our country is buying oil from Russia then we cannot do that now since our banks here cannot transact with Russian banks. I guess Russia has to soften its stand otherwise its economy will be crippled and they will again experience the situation that there is no food in the market. With the stocks, those companies that are related to Russia will suffer because their price will dip in the market. It is scary to invest in Russian stocks now and I think even Russians will be divesting themselves of Russian stocks. [/QUOTE]
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Impact of the Russia vs Ukraine Conflict on the Stock Market
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