February 24th will mark one year since Russian tanks rolled into Ukraine in what was the start of Moscow’s full-blown invasion of its neighbour. Though Ukraine has, remarkably, survived as a sovereign state, it continues to suffer from round-the-clock artillery bombardment.But in addition to the thousands of civilian deaths, millions of refugees and extensive infrastructure damage in Ukraine, countries far beyond its borders are feeling the detrimental effects of the war.As a second-order effect of Russia’s invasion, tens of countries’ currencies cratered against the United States dollar in 2022, which raised the cost of imports.
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