The economic impact of the Russia-Ukraine conflict escalates

Global Business

The economic impact of the Russia-Ukraine conflict escalates

Western governments threatened unprecedented sanctions against Russia on Thursday after it launched military operations in Ukraine.

Many had already punished Moscow economically before the first shots were fired.

But the attack nevertheless sent shockwaves through global financial markets and sent oil prices soaring.

CGTN’s Owen Fairclough looks at the economic impact of Russia’s attack.