Shipping snags wreaking havoc with global value chains… no easy way out: UNCTAD

A laden container vessel at sea

In contemplating war and its consequences, it is absolutely necessary that we scrutinise the conflict and its outcomes way beyond the battlefield. As the recent United Nations Conference on Trade and Development (UNCTAD) declared earlier this week, Russia’s ongoing hostilities are not just taking a toll on human lives and high-value infrastructure, it is also snagging trade and logistics, way beyond the theatre of the conflict. International trade, particularly, has been upended, mainly on account of global vessel demand and the consequential cost of shipping around the world.