Industry navigates impact of sanctions and Ukrainian crisis

MOEX index plummeted 45%

The world was rocked last Thursday (24 February) as Russia began a full-scale invasion of Ukraine. The immediate reaction from markets was a sea of red across indices as the FTSE plummeted over 200 points that morning and Brent oil prices hit $105 a barrel.

"The Russian invasion of Ukraine will decimate global stockmarkets," was the response from Antonia Medlicott, finance editor at the financial comparison website, InvestingReviews.co.uk. However, Susannah Streeter, senior investment and markets analyst for Hargreaves Lansdown, offered a more measured view stating: "The shock of conflict is devastating, but history does point to relatively short-lived volatility on financial markets". As markets went haywire members of the industry, while also grappling with the devastating development on a human level, scrambled to figure out the impact o...