War threat in Ukraine

[Dona Ferentes]

 

[Dona Ferentes]

The risk of Russian invasion of Ukraine is now approaching certainty.

What implications are there for investment markets ? ]

500+ days in, and for Western money, the decoupling goes on.

 

[Dona Ferentes]

What implications are there for investment markets ?

the sanctions are working...

Dramatic collapse of net income for Russia’s Gazprom. For the first half of 2023 the net income was 296 billion Ruble (around 2.85 billion Euro). In the same period of time in 2022 Gazprom’s net income was 2.5 trillion Ruble (at this time around 41.5 billion Euro). This is a collapse of 92% in one year.