Global Markets Plummet After Russia Invades Ukraine

Eliza | 02 - 28 - 2022
Global markets plummet after Russia invades Ukraine

How Russia Ukraine conflict impacts Global Market?

Russian attack on its southern neighbor Ukraine has affected several assets globally, including stocks, gold, oil, and much more. Read on to know more about global markets plummeting after Russia invades Ukraine.

The world has still not completely recovered from COVID-19, which largely affected the world’s economy and human lives. Now the prices are soaring and the world market is down, not because of the impact of COVID-19, but Russia’s invasion of Ukraine.

Russia is the second-largest exporter of oil and one of the biggest exporters of natural gas. Crude oil prices have surged $105 a barrel for the first time in more than eight years. Russia produces 10. 5 million oil barrels per day in which it exports more than 5 million barrels worldwide.

Who Is the Second-largest Exporter of Oil in the World?
  • A. Russia
  • B. Ukraine
  • C. Uae
  • D. None of the Above

Russia and Ukraine are also the world’s largest grain exporters, so the world’s food supply can also be affected.

The share market was already on a rollercoaster this year. Now Russia’s attack on Ukraine has paved the way for more market swings. Here is how the conflict can affect the  stock market and your investment.

Several giant companies’ shares slumped after Russia invades Ukraine. Here are the highlights-

According to a J.P. Morgan strategist, the following companies can be at risk-

  • Sylvamo Corporation (SLVM) – A world-class paper company gets 16.6% of the sale from Russia and Ukraine
  • Kinross Gold Corporation (KGC) – A Canadian-based gold and silver mining company recorded 14% of the sale from Russia and Ukraine
  • Arconic Corporation (ARNC) – An American company that manufactures lightweight metals gets 9.4% sales from Russia and Ukraine.
  • PepsiCo (PEP) – The World famous beverage company gets 4.4% sales from Russia and Ukraine.
  • McDonald’s (MCD) – Nearly 4.2% of McDonald’s sales comes from Russia and Ukraine

Apart from these companies, many multinational corporations, financial markets, and global trade are affected by the Russia-Ukraine crisis.

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