Ahmed, Shaker; Hasan, Mostafa Monzur; Kamal, Md Rajib - 2022
We examine the effect of the Russia–Ukraine crisis on the European stock markets. Because of increased political … uncertainty, geographic proximity, and the ramifications of the fresh sanctions imposed on Russia, the European stock markets … tended to react negatively to this crisis. We find that on 21 February 2022, when Russia recognized two Ukrainian states as …