Potential Impacts of the War in Ukraine on the Fourth District

Stephan Whitaker

Cleveland Fed District Data Brief from Federal Reserve Bank of Cleveland

Abstract: This District Data Brief examines the trade connections between Ukraine and Russia and the Fourth Federal Reserve District, which includes Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia. It appears that supplies to the District will be substantially reduced for several items that Ukraine and Russia export, such as primary metals and fertilizer. We should expect prices to rise for these goods, as they have already for petroleum. However, there are generally alternate global suppliers for many of the goods sold by Ukraine and Russia, so Fourth District firms will probably not be forced to halt production because of lack of materials.

Keywords: imports; supply; global exports; trading partners (search for similar items in EconPapers)
Date: 2022-06-23
New Economics Papers: this item is included in nep-cis, nep-dem and nep-int
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Persistent link: https://EconPapers.repec.org/RePEc:fip:c00003:94382

DOI: 10.26509/frbc-ddb-20220623

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