Invasion upends trade and supply chains

Ukraine is rallying the world’s concern. We are watching in real time the impact of war on global trade and supply chains. In Asia, which sectors will suffer the most? Alicia Garcia Herrero and Gary Ng lay out an analysis for Natixis. If prolonged, the invasion will magnify the global trade crisis, argues Brendan Murray in Bloomberg.

The war has also highlighted Ukraine’s resource wealth, including in lithium deposits, Hiroko Tabuchi reports in the New York Times.

Indeed, war changes what we are accustomed to. The rules-based international order? Russia’s invasion is rapidly reshaping that order, writes Alan Beattie in the Financial Times. Calls to suspend Russia’s WTO privileges are gaining traction, details Peter Ungphakorn in the Trade Beta Blog.

And where is China in the reshaping of global order? China is now at center stage, argues Victor Shih in The Wire China. According to Bloomberg, China is moving to secure commodities affected by the war. Billions of dollars in economic ties between Ukraine and China are at risk, reports Ralph Jennings for Voice of America. However, China’s role may have only limited impact on the Russian economy, according to the Wall Street Journal.

As for China’s “Iron Silk Road” vision, those plans may be upended, writes Andreea Brinza in Foreign Policy.

Mentioned publications

Which Sector will Suffer More in Asia from Russia’s Aggression in Ukraine? – Natixis
War In Ukraine Will Magnify The Global Trade Crisis – Bloomberg
Before Invasion, Ukraine’s Lithium Wealth Was Drawing Global Attention – The New York Times
Putin’s war shakes loose the pieces of the international trade order – Financial Times
US politicians call for trade action against Russia in the WTO – Trade Beta Blog
China Enters the Center Stage of Global Affairs – The Wire China
China Moves to Secure Commodities Rocked by Ukraine War – Bloomberg
War Puts Billions of Dollars in Ukraine-China Trade at Risk – Voice of America
China’s Outreach to Russian Economy Extends Only So Far – The Wall Street Journal
Putin’s War Has Killed China’s Eurasian Railway Dreams – Foreign Policy