Russia’s invasion of Ukraine heaped fresh risks on a global economy struggling with soaring inflation, supply-chain snarls and a rocky recovery from the pandemic.
The economic impact will depend on the scale of the fighting and the new sanctions that the U.S. and its allies have promised. Those penalties would come on top of the more limited sanctions the U.S., the U.K. and the European Union have already rolled out against Russia in response to the Ukraine crisis.
