Ten days into martial law, Dragon Capital sees minor impact on business:

Ten days into martial law, Dragon Capital sees minor impact on business: “The martial law, while coming as a negative surprise, will have limited adverse impact on the economy, in our view. The F/X market’s reaction was muted; the 2019 election schedule was unaffected; and overall, day-to-day business and private life is set to continue as usual barring a major military flare-up. Russia’s potential blockade of shipments via the Azov Sea would cause only limited and temporary export losses for Ukraine.”