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Erschienen in:
2023 | OriginalPaper | Buchkapitel
2022 Russo-Ukrainian War and the Subsequent Sanction in Relation to Commodity Volatility
verfasst von : Ji Yu, Ying Xie, Zihan Yin
Erschienen in: Proceedings of the 6th International Conference on Economic Management and Green Development
Verlag: Springer Nature Singapore
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Abstract
Russia is a European leading exporter of commodities like nickel, wheat, and so forth, and its export volume ranked 7th in Europe in 2020. We use principal component analysis within the range of time from April 1st, 2021 to April 27th, 2022, to do a comparison of the price changes during this time period. The Russo-Ukrainian war and sanction led to huge turmoils in those commodity markets. Commodities like nickel, aluminum, corn, soybean, wheat, gold, silver, oil, LNG, and silver are obviously affected by the Russo-Ukrainian war and sanction. The EURO STOXX 50 and the ruble to U.S. dollar exchange rate are also influenced by the incident and its following sanction. The impact can be observed by their price changes, which will be discussed in this article. As commodities are geopolitically vulnerable, the finding of this paper can be used by investors as an alternative reference to analyze the price changes caused by war and sanction and make investment strategies wiser.