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Economic Impacts of a Russian Invasion of the Ukraine

Economic Impacts of a Russian Invasion of the Ukraine

By: Adeola Omole

February 19, 2022

Oil and Natural Gas

 There would be material impacts on world economies if Russia invades the Ukraine. Most notably, the Oil and Natural gas markets would be directly affected in the event of a war. Russia is the number one source of natural gas in Europe, and also a large provider of oil to European nations. If a war were to ensue, it is highly likely that the U.S. and Europe would impose sanctions on Russia, which would lead to major shocks in the price of commodities such as oil and gas.

Since Europe is highly dependent on Russian energy, it’s unlikely that oil and gas would make the list of any sanctions imposed upon Russia. Likewise, since Russia would need the revenues generated from energy sales to fund a war effort, there would likely not be a drop of shipment of energy from Russia to Europe. However, if Russia decides to strategically withhold some energy shipments to Europe,...

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CTV Noon Hour Interview - My Money Story

 

CTV Interview - Sharing My Money Story

I had the great fortune of being a guest on the CTV Noon Hour Show earlier this month, and was grateful for the opportunity to share my money story with the viewers. The best part about being on the show was knowing that I could potentially be helping others who are currently struggling with their finances and who may be faced with mounting debt. 

For those of you who may not know my money story, this blog post lays out the two most important experiences I encountered in my life that contributed to my current financial situation. Here is a high level overview of my money story, that I fortunately was able to share in my CTV interview.

Layoff Experience In my Twenties

In July of 2001 I was a bright eyed junior lawyer with an exciting legal career ahead of me. I was excited to get called to the Bar and finally begin paying back the mountain of debt that I had accumulated over the years (i.e. student loan debt, student line of credit,...

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