We’ve been hearing a lot about ripple effects of Russia’s war in Ukraine. This piece does a good job of giving an overview of how and where effects are felt. I hope they’ll keep updating. A few examples:

• One of Europe’s poorest countries has received the most Ukrainian refugees per capita, nearing 460,000, or almost one-sixth of Moldova’s population.
• The war’s impact on food, fertilizer and fuel costs has exacerbated the political crisis in Peru.
• In Lebanon, the cost of a basic food basket more than tripled compared to a year earlier.

From Weekly Filet #394, in May 2022.