In just over two months, the Russia’s war has caused severe economic dislocation in many areas. We assess possible economic impacts of the Ukraine invasion on Russia and the euro area.
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In the early morning of February 24 Russian military invaded Ukraine. This violation of international law will result in widespread human suffering and economic dislocation.
Adaptation to changing circumstances has been one of the hallmarks of the Unit’s – the Bank of Finland Institute for Emerging Economies (BOFIT) – work.