How would Russia’s invasion of Ukraine impact the bottom-lines of companies like Starbucks or Marriott? Let’s see how Europe’s energy woes can have major implications for U.S. businesses.
While Americans are dealing with sticker shock at the pumps, the situation in Europe is on another level.
“As the human tragedy in Ukraine unfolds before our eyes, soaring commodity prices are pushing inflation in many countries to their highest levels in more than 40 years,” said Isabel Schnabel, member of the executive board of the European Central Bank, in a March speech. . “Our reliance on fossil fuel sources is not only seen as a peril to our planet, it is also increasingly seen as a threat to national security and our values of liberty, freedom and democracy.”
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