The global impacts of Russia’s invasion of Ukraine are wide-ranging and include the global energy industry amidst the varied reliance on Russian oil and gas by European countries. With COVID-related supply shortages, the exacerbation of the shift away from traditional fossil-fuel-based energy investment, and higher housing, travel, and many food prices, conditions are increasing the need for tighter monetary policies while negative consequences for global demand are being realized.   In this episode of All the Credit®, we turn to Chief European Economist, Katharine Neiss, PhD and global energy analyst, David Winans, to guide us through the complexities of these events and the implications of powering down from Russian energy.   Katherine and Dave review vital facts around Europe’s reliance on Russian energy, discuss the geopolitical and energy policy alternatives available to different countries (including the status of green energy initiatives), share their views on the resultant fiscal and monetary policy implications, and what this all means for global energy producers and distributors. Host and Senior Portfolio Manager, Mike Collins, CFA, also discusses some PGIM Fixed Income’s key positions as we navigate this elevated macroeconomic tail risk environment and aim to generate alpha for our clients amid these uncertain times.   Recorded on April 8, 2022.