The economic knock-on effects of the Russian invasion of Ukraine are going to be felt
throughout Europe. While the overall economic fallout is still difficult to predict, the impact
will differ from country to country. This brief takes a very first look at divergences in exposure,
focusing on direct trade links, potential costs of energy dependence on Russia and
vulnerabilities towards rising energy prices more generally. It shows that the EU's member
states' vulnerability to the economic consequences of the war is very unevenly distributed …