The Europeans Are Watching Closely

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Russia's war on ukraine is causing chaos for the global shipping industry. The world's two largest ship container groups, mersk and m s c, suspended cargo bookings to and from russia. Shippers are also halting operations because of all the uncertainty sanctions are causing. Moscow may have thrown a wrench into us' efforts to reach an agreement with iran over nuclear accords.

Russia’s invasion of Ukraine is fueling the ‘fastest growing refugee crisis in Europe since second world war,’ according to the UNHCR; the White House has reversed its position and now is talking with European partners about a ban on Russian oil, and sanctions on Russia have unleashed a renewed wave of disruption for strained global supply chains.

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Mentioned in this podcast:

Ukraine invasion fuels ‘fastest growing refugee crisis in Europe since second world war’

US in ‘active discussions’ over Russian oil import ban as Moscow targets Ukraine urban centres

Russia demands US guarantees over revival of Iran nuclear accord

World’s biggest shipping groups suspend Russian cargo bookings

Ukraine crisis batters Sri Lanka’s tea and tourism recovery strategy

War in Ukraine: free to read

The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

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