1、1/907 March 2022Same shock,different effectsEU member states exposure to the economic consequences of Putins war Nils Redeker,Policy FellowPolicy BriefThe economic knock-on effects of the Russian invasion of Ukraine are going to be felt throughout Europe.While the overall economic fallout is still d
2、ifficult to predict,the impact will differ from country to country.This brief takes a very first look at divergences in exposure,focusing on direct trade links,potential costs of energy dependence on Russia and vulnerabilities towards rising energy prices more generally.It shows that the EUs member
3、states vulnerability to the economic consequences of the war is very unevenly distributed.To cushion the economic blow and ensure political unity,the EU will likely have to organise some sharing of the economic burden of this crisis.Introduction The economic knock-on effects of the Ukraine war are g
4、oing to be felt throughout Europe.Direct costs from sanctions and trade disruptions,rising inflation due to higher energy and commodity prices and mounting uncertainty will become a drag on Europes economy.The overall economic costs of the war are still difficult to predict.However,the impact will b
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