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Russia’s invasion of Ukraine leaves global trade in tatters

KIFI

By JOSHUA GOODMAN
Associated Press

MIAMI (AP) — Sanctions on Russia are starting to wreak havoc on global trade, with potentially devastating consequences for energy and grain importers while also generating ripple effects across a world still struggling to overcome pandemic-induced supply chain disruptions. Since Russia’s invasion of Ukraine, hundreds of tankers and bulk carriers have been diverted away from the Black Sea, while dozens more have been stranded at ports and at sea unable to unload their cargoes. Russia is a leading exporter of grains and a major supplier of crude oil, metals, wood and plastics — all used worldwide in a range of products and by a multitude of industries from steelmakers to car manufacturers.

Article Topic Follows: AP National Business

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Associated Press

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