Kerry on Ukraine

1. What effects would the trade sanctions have on Russia’s GDP? What other effects might there be? Why might these sanctions affect Russia’s behavior?

2. What effects would a war (or other destruction) have on Ukraine’s GDP?

3. How would a war that destroys parts of Ukraine’s infrastructure affect their long-run growth?

4. How would a feeling of general instability affect Ukraine’s long-run economic growth?

5. There may be other economic effects of the situation in Ukraine–perhaps in the oil markets, since Ukraine is a producer of petroleum. You may address these other issues if you wish.
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