On February 24, 2022, the Russian invasion of Ukraine began the first major war in Europe in decades. In response, countries across the world have collaborated to provide lethal and humanitarian aid for Ukraine, while levying significant sanctions against Russia that have left the country’s economic future in doubt and politically isolated. Angelo Katsoras, Geopolitical Analyst at National Bank joins Horizons ETFs’ Mark Noble to discuss the consequences of the war, the impacts of the sanctions and how there are likely long term implications for investors, including higher commodity prices for the next decade and added geopolitical risks of investing outside of North America.