Omnis Managed Portfolio Service - Monthly Update March 2022
Despite the military build-up by Russia against Ukraine throughout February, the invasion still came as a surprise to investors. The crisis has sent shockwaves through markets and threatens hopes of a strong global economic recovery from the pandemic, at least in the short term. Global leaders were quick to condemn Russia’s actions, with the US, UK and European Union imposing new sanctions targeting key Russian individuals and institutions linked to the Putin regime.
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