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This week, we account for the cost of the fighting in Ukraine. These include the sanctions on Russia; the closures in Ukraine; the energy shortages in Europe; and surging global oil prices, commodities rates and inflation.

Which sectors are feeling the most pressure? How exposed is Asia? And what’s the impact on the street?

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In this episode, Jack Stone Truitt reports on the state of the global sanctions regime (02:55), Alice French reports on rising prices in Japan as she debuts with our new segment, "The Tokyo Dispatch," (07:55) and J.P. Morgan’s managing director of emerging-markets strategy, Saad Siddiqui, assesses the big picture of the macroeconomic impact of the war (12:22).

Asia Stream is hosted by Wajahat S. Khan, our digital editor and executive producer, and produced by both him and Jack Stone Truitt.

Related to this episode:

From Samsung to Sony, Asia tech grapples with Russia sanctions

Ukraine from Feb. 24 to March 9: Over 2.1m people have fled country, UNHCR estimates

Global chip shortage may soon turn into an oversupply crisis