A Russian invasion of Ukraine could send shockwaves through financial markets


Armored personnel carrier (APC) of the 92nd separate mechanized brigade of Ukrainian Armed Forces move to park in their base near Klugino-Bashkirivka village, in the Kharkiv region on January 31, 2022.

Sergey Bobok | AFP | Getty Images

The highly unpredictable nature of Russia’s threat against Ukraine has rippled across financial markets without much impact on stocks. But if Russia were to move its troops across the border, it could cause a major risk-off event — sending equities lower and commodity prices even higher.

The U.S. plans on stinging sanctions if Russia moves into Ukraine. Russia, which says it has no intention to invade, could inflict pain on the rest of the world through its…


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