UKRAINE CRISIS: IMPACTS NOT YET ASSESSED

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Energy and Power

The Ukraine crisis has created a new headache for Bangladesh, already encountering multi-dimensional stresses over the last few months due to the chronic gas supply crisis, sky-high prices of oil and gas/LNG in the global market. Russia has attacked Ukraine. The world community has protested the attack with the European Union (EU), USA and UK imposing economic sanctions on Russia as measures to punish the invaders. Some banks of Russia have been cut off from the SWIFT messaging system. On the other hand, the EU countries including the UK are facing a huge fuel supply crisis. How long the war w…

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