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26 May 2022

Three months in: the legal implications of the Russia-Ukraine conflict for traders

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In early February, we published an article on the legal implications of the escalating Russia-Ukraine crisis. At the time, there was still hope that diplomacy might prevent violence. Nevertheless, commodities markets were already reacting to the uncertainty with price rises and we recommended that those with live trades in the Black Sea region and with Russian and/or Ukrainian counterparties carry out risk assessments.

On 24 February 2022, Russia launched its invasion of Ukraine. Since then, commodity prices have surged further and traders have been impacted by the disruption to supply chains, sanctions against Russia/Russian entities and the "self-sanctioning" of banks and other institutions.

Three months into the conflict, we reflect on some of the important legal issues for traders that we have seen arise, and those that might still be to come. We continue to follow closely the unfolding of events in Ukraine and the international responses to them.

Click here to read more.

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Emma Skakle

Emma Skakle
Partner

T:  +44 20 7809 2335 M:  Email Emma Office:  London

Hayley Flood

Hayley Flood
Associate

T:  +44 20 7809 2619 M:  +44 78 8029 4938 Email Hayley | Vcard Office:  London