15 March 2022
Monthly Market review – Download Article
Plainly, the invasion of Ukraine has not gone to Putin’s plan. The strength of Ukraine’s resistance has exceeded all expectations and the scale and unity of the response from the West has surprised Russia (and has undoubtedly been noted in Beijing). The worst fears of an incursion into NATO territory have diminished, as have the use of nuclear and chemical weapons, although these cannot be ruled out completely given the difficulties experienced by Russia’s conventional forces.
