Stock illustration: Movement of goods around the world

Few expected the Russian war on Ukraine to last for such a long time. But now, 11 months after the initial invasion, the war continues to shape political, economic, and trade relations. It has become clear that the consequences are not limited to the conflict region itself, but are global and will be long-lasting.

In the second quarter of 2022, due to its aggression on Ukraine, Russia experienced volatility in its trade with nearly every other country around the world. More recent data reveals the emergence of new trade patterns.

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