Russia-Ukraine Crisis
Russia’s invasion of Ukraine poses growing risks to the global economy and credit landscape. Moody’s is monitoring the implications and updating the market on an ongoing basis.
  • SUMMARY
  • REPORTS
  • Podcasts
  • Events
  • Sanctions Compliance Insights

  • 11 May 2022|Moody's Investors Service
    In this episode of Moody’s Talks – Emerging Markets Decoded, Aurelien Mali and Kathrin Muehlbronner of the Sovereign team join host Shirin Mohammadi to discuss the sociopolitical ramifications of the Russia-Ukraine crisis for the Middle East and Africa by drawing lessons from a similar global food and energy price shock in 2008. Plus, they discuss how the conflict is exacerbating an already precarious situation in Turkey.
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    Moody's Analytics
    New sanctions imposed on Russian entities and individuals affect supply chains, vendor management, and operations throughout the global business community. Learn how Moody’s Analytics can help you adapt to these rules in a rapidly changing environment.
    Macroeconomic and Cross-Sector Commentaries
    Commentary
    10 May 2022|Moody's Analytics
    Russia will look east, but can't replace European customers.
    Economic View
    05 May 2022|Moody's Analytics
    The proposal would ban all Russian oil by year's end.
    05 May 2022|Moody's Investors Service
    High-frequency alternative data indicate that global economic activity has slowed, as sustained higher costs exacerbated by Russia’s invasion of Ukraine erode consumer purchasing power, while concerns about longer-term effects of the military conflict dent household sentiment. Supply constraints remain a challenge globally.
    Sovereign & Sub-Sovereign Highlights
    20 Apr 2022|Moody's Investors Service
    Our infographic shows the emerging market sovereigns most vulnerable to the military conflict’s ripple effects, which are spreading as many countries are still dealing with the economic and fiscal hit from the coronavirus shock.
    25 Apr 2022|Moody's Investors Service
     The stability of key funding sources and credit stimulus limit the impact of key transmission channels from the conflict. Lira stability will be key to contain any further rise in inflation.
    Corporates & Infrastructure Finance Highlights
    Sector In-Depth
    25 Apr 2022|Moody's Investors Service
    Energy-intensive and cyclical industries suffer most in our downside scenario, although some sectors would benefit, such as mining and oil & gas.
    Sector In-Depth
    13 Apr 2022|Moody's Investors Service
    European utilities, energy-intensive sectors with significant operations in affected European countries and global speculative-grade issuers with near-term refinancing needs most at risk.

    06 Apr 2022|Moody's Investors Service
    Marina Albo of the Corporate Finance team explains that most companies’ direct exposure to Russia is low outside the energy sector, but indirect exposure – through energy and commodity costs and access – is widespread. Then Paolo Leschiutta outlines why operating profit growth is slowing for consumer products companies.
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    Financial Institutions Highlights
    06 May 2022|Moody's Investors Service
    Most emerging market banks face moderate to low risk from Russia-Ukraine conflict but risks are much higher for many in the CIS.
    Sector Comment
    04 May 2022|Moody's Investors Service
    The imposition of international sanctions on Russia following its invasion of Ukraine has raised questions as to whether cryptocurrencies, including Bitcoin, can be used to circumvent sanctions and restore Russian individuals' and the government's ability to, at least partially, conduct financial transactions. Given the ruble-to-crypto market's limited size and low liquidity, for now, cryptoassets are unlikely to provide a viable and efficient solution for sanctions evasion.
    Structured Finance Highlights
    Sector In-Depth
    14 Apr 2022|Moody's Investors Service
    Risk to securities is concentrated in some European mezzanine and junior bonds, US aircraft asset-backed securities, collateralized loan obligations and certain covered bonds. However, asset diversification and credit enhancement will mitigate risks in most sectors.
    Sector Comment
    07 Apr 2022|Moody's Investors Service
    The measure, which includes a temporary tax cut that will lower electricity system revenues, will be credit neutral for ETD ABS transactions.