Prices
February 22, 2022
CRU: Russian Sanctions a Threat to Already Tight Markets
Written by CRU Americas
By CRU Multi Commodity Analyst Alex Christopher and Research Analyst James Mills, from CRU’s Steel Monitor, Feb. 17
The only certainty about the heightened state of East-West relations playing out over Ukraine is that the stakes are high. The gulf between Russian security concerns and guiding principles of NATO, the EU, and western liberalism are seeming intractable. The implementation of sanctions is never costless and commodity markets will certainly pay a high price. The most significant effects are sometimes less obvious, making their impact on trade flows uncertain.
