Economic and financial effects of war in Ukraine on Croatia
The Russian invasion of Ukraine led to dramatic reputational damage and trust concerns over the subsidiaries of Russian Sberbank across Europe, resulting in significant liquidity outflows from those banks even before the EU introduced sanctions against Russia and Belarus.
Effect of the War in Ukraine on Consumer Price Inflation
The Croatian economy has not been highly exposed to the effects of the Russian aggression of Ukraine because Croatia has no strong trade and financial links with these two countries as some other European economies.
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