Russia's invasion of Ukraine: What are the implications for the debt market?

Potential for further sanctions

While the invasion of Ukraine has echoes of the previous incursions in support of breakaway regions of Donetsk and Luhansk, on this occasion the scope and audacity is far beyond what we have seen previously.

An increasingly isolated and belligerent President Vladimir Putin (according to outward shows) has engaged in a far deeper incursion that certainly looks as if regime change could be its end-goal, or certainly the point of leverage for an exit strategy. Surprising to many observers, this has elicited a far more determined response from the international community. There certainly was a logic, from a Russian perspective, in seeking to protect a buffer zone between it and the Eastern frontiers of the NATO-alliance. However, assumptions about the venality and decadence in the West, an...