2.3 Russia-Ukraine

exactly which event is driving these changes, it is clear that traders cannot get too comfortable, and must be ready to adapt to a changing business landscape.

Moreover, as other economies emerge from the COVID-19 pandemic, globally active businesses know that they now operate in a much different environment than just a few years ago.

Put simply, as the trade landscape has changed, so too has the trade finance landscape that fuels the movement of goods and services around the world.

RUSSIA-UKRAINE

The conflict in Ukraine has sent the global economy into turmoil and created significant uncertainty for those seeking to enter new global markets.

Ports have been blocked, supply chains upended, sanctions imposed, trading blocs emerging, and the global geopolitical order thrown into question.

For prospective exporters, this can be a troubling time to even conduct business domestically, let alone set out into unfamiliar waters for the first time.