The venerable business of commodity trading, already in the news for the supply chain impacts of COVID, has moved to center stage with the war in Ukraine. Impacts of Russia’s invasion could ripple to manufacturing of all kinds, especially the clean energy transition we need to meet climate goals.
COMMENTARY
Within the first week of fighting, we’ve seen three issues unfold in commodity markets. Energy has gotten the most attention. Most people understand the magnitude of Russia’s control of Europe’s energy supply, and Russia’s weaponization of its oil and gas is not a shock.
Agriculture is understood to be threatened, based on what happened when Russia invaded the Crimean peninsula in 2014. We are again seeing disruption in major grain shipments originating from the Black Sea region. By encircling Kyiv, Russia threatens a siege of the capital. Food shortages…
Minerals Crucial to Clean Energy Transition Among Ripple Effects of War in Ukraine
