IARN — The Russian invasion of Ukraine is now into its third month. As we keep getting reports of what new approaches to annihilation Russia is introducing to the country, the rest of the world continues to wag their finger at Vladimir Putin and say, “Naughty, Naughty.”
However, this war is already having an adverse effect on the global economy, particularly oil and agriculture. Simply put, food & fuel. Every time Russia makes things worse, the markets react. We hear reports on how long it will take to recover. But remember, that this is just a snapshot in time. Each recovery estimate we see is predicated on the notion that it is the situation if the war were to end at that moment.
With it being so obvious that the Russian government has no intentions to end anything until Putin has a firm start on rebuilding the Soviet Union, what is the impact of this invasion on the future, how long will the fallout last? One analyst paints a not so rosy picture.
Again, if the war were to end today.
Mike Zuzolo is President of Global Commodity Analytics talks about the strength we have seen in the markets, and the contributing factors to this strength.
For more on this story, visit the Iowa Agribusiness Radio Network.
