The Russian war in Ukraine will significantly change the ways of doing business around the world
The Russian war in Ukraine will significantly change the ways of doing business around the world, the Economist Intelligence Unit writes in its recent report. Supply-chain disruptions in sectors such as automotive will become increasingly localized. A surge in energy and other commodity prices will hasten public- and private-sector efforts to improve food security and adopt sustainable food policies. The investment needed to reduce Europe’s reliance on Russian energy will affect funding for clean-energy investments in developing countries. Financial sanctions against Russia may accelerate the transition from US dollar-backed financial systems to interoperable central bank digital currencies. Geopolitical tensions over technology (already central to the US-China trade war) will intensify as Russia curbs internet access and faces technology sanctions.