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How a Ukraine-Russia Conflict Impacts Shipping

January 31, 2022

Via: gCaptain
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The escalation in tension between Ukraine and Russia has many wondering what impact such a potential conflict could have on international and American shipping. The tension between the two nations stems from the breakup of the Soviet Union in 1991. In 2014, Russia annexed the Crimea, which denied Ukraine their largest port, Sevastopol.

Continued escalation along the border, in the Donbass region, has led to a low intensity conflict between these nations. As Russia moves large number of forces along the border in both Russia and neighboring Belarus, concerns have emerged over a larger conflict.

Both Ukraine and Russia are major exporters of corn and wheat and, therefore, major food suppliers around the world. Add to this, Russia provides nearly one-third of the natural gas to Europe and is a major player in world energy sectors.

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