The ongoing implications of the Ukraine conflict for investors

Still lessons to be learned

While the Ukraine conflict remains unresolved, we can already draw some important conclusions about some of its longer term macro and geopolitical impacts.

Russia effectively becomes a vassal state to China China is fast becoming a near monopsonist for the former's resources. Under most scenarios Russia has been significantly weakened by its failed attempt to control Ukraine and it is now very much the junior partner in its relationship with China. China benefits from access to cheap adjacent and so secure energy supplies as well as certain key Russian technologies plus a dominant position in Russia for its manufacturing industry. BofA: Investors lift economic expectations for Asia despite long-term concerns over China This allow...