Home Economy How Russia’s invasion of Ukraine will impact Australians’ wallets

How Russia’s invasion of Ukraine will impact Australians’ wallets

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Money knows no emotion and, sometimes, even less morality.

There was a cruel irony at play last week as surging commodity markets propelled Australian shares just as a previously unthinkable horror rained down over a nation helpless to stop the onslaught of its much bigger and more powerful neighbour.

As more than a million mostly women and children fled Ukraine to Poland and other NATO countries while the men stayed behind to fight, the world plunged deeper into a malaise that bore all the hallmarks of a macabre re-run of the events of a century ago.

Eight decades have passed since the last great global conflagration, interspersed with regional and bilateral conflicts of varying scale.

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