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Economic Research: Korea’s Exports Provide An Early Look at Russia-Ukraine Conflict Trade Distortions

Early trade data from Korea confirm our prior expectations about the changes in trade patterns as a result of the Russia-Ukraine conflict. Countries with close trade and/or financial linkages to the combatants are seeing the largest impact on trade flows. To the extent that Korea is a global bellwether, incoming data from other countries are likely to confirm this trend.

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