A woman walks past a currency exchange office in central Moscow on February 24, 2022
(Picture: AFP via Getty Images)War in Ukraine and the prospect of sanctions against Russia sent shockwaves through the City today, as investors braced for higher inflation and weaker growth.
The threat of disruption to supplies of everything from oil to corn sent commodity prices spiking, while uncertainty about the economic fall-out sparked a rush to dump stocks and buy gold. Russian markets went into freefall as Western leaders prepared to impose tougher sanctions.
