It is difficult to see any winners in the ongoing war caused by Russia’s irrational and devastating invasion of Ukraine. But the losers extend far beyond the people of Ukraine, who are being attacked, and the people of Russia, who did not choose this war but now must endure an economy being dismantled by trade and financial sanctions. The economic impact of the conflict will be felt around the world, including in many developing countries that are already struggling to recover from the COVID-19 pandemic. One immediate concern is the effect of rising oil prices. The price of benchmark Brent cru…