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JPMorgan: Global oil prices could reach US$380/barrel in worst-case scenario if US and European sanctions prompt Russia to cut daily crude output by 5 million barrels; Russia can afford to cut daily output by that much without unduly damaging the economy

Approximately 22% of Ukraine's cropland, including 28% of winter crops and 18% of summer crops, is under Russian control, according to the NASA Harvest analysis

As worldwide food crisis projected to worsen in 2023, polymer and chemical industries may be impacted as a result; HDPE demand in developing world projected to fall by 300,000 tonnes in 2023: ICIS

H&M's Q2 gross profit rises to 29.85B SEK from 25.05B SEK last year, as net sales rise 17% to 54.50B SEK from 46.51B SEK; company seeks Latin America expansion, expects sales to fall 6% in June, driven 5% by paused sales in Russia, Belarus, Ukraine

Nokian announces controlled exit from Russian market due to Ukraine war sanctions; Nokia had Russian assets totaling €400M in 2021, 1,600 Russian employees, produced 80% of passenger tires in the country in 2021

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