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China, Africa and the War in Ukraine

Ukrainian servicemen get ready to repel an attack in Ukraine's Lugansk region on February 24, 2022. Anatolii STEPANOV / AFP

With the Russian military now moving on Ukraine, the consequences of Europe’s latest war are being felt around the world. Asian markets fell sharply today while oil prices shot up, crossing the $100 mark for the first time in seven years.

While this is good news for the handful of African oil-producing states who will no doubt benefit from higher prices, it’s downright terrible for hundreds of millions of families across the continent who’ve had to grapple with rising food prices and watch in real-time how inflation has vaporized their already limited purchasing power.

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