OilPrice.com by Alex Kimani
- As tensions between Ukraine and Russia reach a boiling point, several key commodities could be impacted.
- Russia accounts for ~6% of global aluminum supply, and any sanctions against Moscow could result in a supply shock in an already-tight market.
- Oil and natural gas supplies are also likely to be strained if the situation worsens in Ukraine.
Escalating tensions in Eastern Europe over Russia’s looming invasion of Ukraine as well as prospects of sanctions against Russia are fueling fears of supply shocks in the commodity markets. After several weeks of joint military drills ended last week, Russia was supposed to start pulling back troops, but that is currently not happening, with as many as 190,000 Russian troops still camping out on Ukraine’s border and Belarus confirming that 30,000 of them would stay in the country indefinitely…
