Live updates on the ‘all-out economic and financial war’ against Russia — via financialpost Russia Ukraine financialwar
But the conflict will have consequences for the whole world as it cuts off crucial energy and crop supplies, disrupts businesses and upsets financial markets, already under stress as central banks tighten policy.
The decision reinforces warnings that the war in Eastern Europe will have a ripple effect on shipping costs around the world. “For Belarus, going forward, only bookings for foodstuff, medicines, and humanitarian supplies will be accepted after extensive screening,” the company said. “This exemption is to underline that Maersk is focusing on social responsibility and making the efforts to support society despite the complications and uncertainties within the current supply chain.
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