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The war and the implications of sweeping U.S. and European sanctions on Russia have upended Black Sea supplies at a time when global stockpiles of raw materials are already tight.
The currency’s collapse, black-listed financial institutions and increasing capital controls are throwing into chaos the financial lives of people who live, work and study globally.
The GQG Partners Emerging Markets Equity Fund had 16.6% of assets, or about $1.5 billion in U.S. dollars, exposed to Russian securities at the end of September.