The recent invasion of Ukraine by Russia is generating questions regarding how important Russia is to the Texas economy, particularly as policies restricting trade and investment interactions are implemented or contemplated. While no area can escape the near-term disruptive effects related to the supply chain and inflation, the specific effects on business activity within the state are relatively minor. The Perryman Group recently analyzed patterns in Texas-Russia trade and investment to assess the extent of the linkages and related economic effects.
Dr. Perryman explains how this move will affect both Russia and the global oil market.
Dr. Perryman breaks down why Europe will be most significantly impacted.
Dr. Perryman explains how the economic penalties will affect the average consumer and world economies.
Dr. Perryman walks through the cause and effect scenarios of this international conflict.
Dr. Perryman explains some potential economic sanctions and how these penalties may affect the Russian economy.
The European Union (EU) has announced a partial embargo on Russian oil in response to the invasion of Ukraine. By yearend, about 90% of Russian oil import volumes could be affected. It's a major blow to Moscow, which relies on oil and natural gas sales for economic sustainability.