Putting the Squeeze on Putin’s Squalid Venture

Friday 25th February 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9The Russian President surprised many with his broader attack on Ukraine yesterday. The UK Prime Minister called it Putin’s ‘squalid venture’, before announcing further sanctions, repeated by Joe Biden, including freezing more bank assets, stopping Russian trades in pounds and dollars, and ending a dependency on Russian oil and gas. The aim is to squeeze Russia out of the global economy, but that’s a long-term game in what could be a very short war. Today NAB’s Gavin Friend talks through the market impact, the influence of China, the inflation concerns and the likely response by central banks.

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