Russia’s invasion of Ukraine increased the synchronisation of global commodity prices
Journal: Australian Journal of Agricultural and Resource Economics
Year: 2022

Abstract The Russian Federation’s efforts to expand its regional political influence culminated in launching a full‐scale war of aggression on Ukraine on 24 February 2022. As both countries are large exporters of commodities crucial for global food and energy security, the resulting abrupt supply chains disruptions created substantial uncertainty in commodity markets worldwide. This study quantifies to what extent this major shock induced global commodity prices to move more synchronously by gau