<
https://theconversation.com/battered-but-not-broken-how-global-trade-is-responding-to-russias-invasion-of-ukraine-179001>
"Russia’s first McDonald’s store in opened in 1990, just months after the fall
of the Berlin Wall. It was a potent symbol that the Cold War was ending and a
great ideological wound healing.
Now every McDonald’s in Russia is closed, as nations and corporations reduce,
suspend or sever ties in response to the invasion of Ukraine.
The scale of economic sanctions imposed on Russia are unprecedented. It has
been suggested this conflict could be remaking the world order, with Russia
choosing territorial hegemony over global trade. As Craig Fuller, the chief
executive of supply-chain information service Freightwaves, has put it:
If the Russia-Ukraine conflict’s international ramifications keep spreading,
we face a real possibility of a bifurcating global economy, in which
geopolitical alliances, energy and food flows, currency systems and trade
lanes could split.
This is likely to be an exaggeration. Nonetheless shock waves are spreading
through already battered supply chains. In this article I’m going to focus on
three elements – energy, food and trade lanes."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
