The report highlights the impact of the conflict in Ukraine on the country's economy, with a third of its value lost due to currency fluctuations and strict controls. In contrast, big listed companies in the US and UK have not been directly affected by the crisis, but face the knock-on effects of rising commodity prices and costs of withdrawing from the Russian market. The main problem for global investors in such cases is uncertainty, and the market attempts to discount all potential outcomes, ranging from a quick resolution to a world war.
