A Russian military incursion into Ukraine would have far-reaching economic ramifications in Asia, where Russian energy is a key driver of economic growth and three of Russia’s top 10 trading partners, including China, are located.
Those outcomes, however, might not be all bad, with analysts predicting economic winners and losers from an escalation of the crisis, which has seen Russian President Vladimir Putin recognise two breakaway regions in eastern Ukraine and order troops into the areas to “maintain peace”.
