RIO DE JANEIRO, BRAZIL – The tension between Russia and Ukraine and the chance of conflict has increased in recent hours. For the economy professor at the University of São Paulo (USP), Celso Grisi, the pressure from the Russian government is a concern for that country’s economy.
“The tension between the two countries increases the Russian risk. Thus, investors seek refuge in emerging economies, leaving Russia and investing in nations like Brazil. Thus, the Russian market loses attractiveness”, he evaluates.
The outbreak of a war between the two European nations would be harmful to Brazilian agriculture and the world economy, according to Grisi.
“If this conflict becomes generalized, agricultural commodities and those related to energy, such as oil, may rise. It puts pressure on world inflation and generates consequences for the Brazilian agribusiness increasing maritime freights of imported inputs,” he adds.
