Ukraine war divides global markets

Commodity producers and more self-reliant nations will do better

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20220304 Yarakta oilfield.JPG

A well head and drilling rig in the Yarakta oilfield in the Irkutsk region, Russia, pictured in March 2019: nowhere is the transformation in national fortunes more dramatic than in Russia. © Reuters

Henny Sender is a managing director at BlackRock in Hong Kong and a former Financial Times correspondent.

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