The Russia-Ukraine conflict  caused major turbulence, at a time when the world was trying to recover from the consequences of the pandemic that broke out about two years ago. While the focus is on the loss of human life, there is also a significant impact on the global financial system and global markets with equities and bonds initially plummeting, followed by some recovery by the end of March. Commodity prices soared given that Russia is a key producer of several important commodities and a major energy supplier, covering a big portion of Europe’s energy needs. This contributed to a further surge in inflation and renewed worries that Central Banks world-wide will be forced to end their accommodative monetary policies, sooner than expected. It is unlikely that the crisis will be resolved in the short term. This, coupled with high inflation expectations, is expected to maintain volatility elevated for an extended period. Here are a few points that may help you during such volatile times.