Explainer: Know what will be the effect of Russia-Ukraine dispute on the world market, 5 important things

Morgan Stanley believes that if Russia invades, then many economies of the world will be in the grip of recession. Especially the commodity market will be destroyed.

The price of petroleum, gas, coal will increase.

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Dispute between Russia and Ukraine ,Russia-Ukraine crisis) continues. The White House says that Russia can attack Ukraine at any time. Today, US President Joe Biden has called an important meeting of the National Security Council regarding this issue. here on saturday Russian President Vladimir Putin ,Vladimir Putin) came to see the missile drill, after which this tension has increased further. If the tension between these two countries continues, then it is important to know about what effect it will have on the global market. Russia has a big role in the commodity market. Morgan Stanley believes that if Russia invades, then many economies of the world will be in the grip of recession. Especially the commodity market will be destroyed. The price of crude oil will increase further. Natural gas and electricity rates in Europe have already increased by 10 percent. The price of base metal will increase. Wheat will also become expensive.

Russia has a big role in the commodity market. In a Bloomberg report, JP Morgan has been quoted as saying that if we talk about Russia’s share in global production, Russia’s share in palladium production is 45.6 percent, platinum 15.1 percent, gold 9.2 percent, silver 2.6 percent, oil 8.4 percent. per cent, gas 6.2 per cent, nickel 5.3 per cent, wheat 5 per cent, aluminum 4.2 per cent, coal 3.5 per cent, copper 3.3 per cent and silver 2.6 per cent.

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