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TYD - The Inflationary Shock Of The Russia-Ukraine Crisis
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Russia’s invasion of Ukraine has ramifications for global inflation and growth, according to Franklin Templeton Fixed Income.
Western governments have not yet implemented direct sanctions on Russian oil and gas, but there have already been significant impacts on Russian oil trade flows.
The conflict between Russia and Ukraine has resulted in the resurgence in European gas and power prices, both of which have increased over 120% from mid-February.