Ukraine war’s impact on trade and development

On 16 March, an article from the UN Committee on Trade & Development says that the organisation’s rapid assessment of the war’s impact on trade and development shows a rapidly worsening outlook for the world economy, with the situation especially alarming for African and least developed countries.  It says that concern abounds over the 2 fundamental “Fs” of commodity markets – food and fuels.  Ukraine and Russia are global players in agri-food markets, representing 53% of global trade of sunflower oil and seeds and 27% of global trade of wheat.

https://unctad.org/news/ukraine-wars-impact-trade-and-development

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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