Russia launched a military invasion of Ukraine on Thursday. The financial markets are reacting with price declines, a rise in the price of crude oil, a fall in the Russian ruble and price rises in credit-sensitive government bonds. We provide an assessment of the current market situation.
![Military conflict Russia-Ukraine Military conflict Russia-Ukraine](https://blog.en.erste-am.com/wp-content/uploads/2022/02/MicrosoftTeams-image-scaled-1-370x210.jpg)