invasion

Issues ranged from securing permits to a lack of materials due to Russia’s invasion of Ukraine.

The first began after Western nations froze Russia’s foreign currency reserves in the wake of its full-scale invasion of Ukraine in 2022.

However, Mann said weak consumer spending may have less to do with high borrowing costs than memories of the jump in inflation that accompanied the Covid-19 pandemic and Russia’s full-scale invasion of Ukraine.

Of course, one person’s happy doughnut memory is another person’s invasion.

Purchases picked up after the West sanctioned Russia over its 2022 invasion of Ukraine and some central banks moved away from dollar-based assets.