4 Mar 2022

Ukraine invasion: Global markets absorb effects of conflict

From Morning Report, 7:17 am on 4 March 2022

The global markets are beginning to absorb the effects of the the Russia-Ukraine conflict.

There are no sanctions on Russia's oil exports, but fears of trading restrictions have driven up oil and commodity prices. Food prices are expected to climb - much of the world's wheat comes from Russia and the Ukraine.

BBC international business correspondent Theo Leggett told Morning Report it's a volatile international situation.