From Morningstar:

Russia’s invasion of Ukraine prompts India to urge Europe to rethink its role in global conflicts. The conflict in Ukraine accelerates the end of falling military spending post-Cold War. A new multipolar world order emerges. Defence spending projected to increase by €100 billion in Europe and $200 billion worldwide post-invasion.

US relations strained globally post-Ukraine conflict. ‘Global south’ concept gains traction. Shift towards a divided world intensified by US-China rivalry. Material de-dollarisation driven by deep structural forces. Trade and financial flows altered as global power dynamics transform.

Ukraine war sparks investments in climate solutions and technology. Green transition accelerated in Europe. War impacts energy transition and technology development. Conflict drives decarbonisation and deglobalisation trends. Increased focus on dual-use technology in response to war implications.

Recommendations for investors amid structural changes post-Ukraine conflict. Thematic investment approach favored for long-term returns. Supply shocks impact macro environment, increasing growth and inflation volatility. Expect higher bond yields and lower asset diversification in future markets. Structural changes will affect global investors across all regions.



Read more: Russia-Ukraine War 2 Years On: How it Changed the World