Geopolitical tensions prompt a rethinking of trade

Geopolitical tensions prompt a rethinking of trade

Bouts of escalation in the Russia-Ukraine conflict continue to make headlines over the world. While the EU only grew by 0.5 per cent in 2023 with a prospective growth of 0.9 per cent in 2024, the Russian economy, despite the sanctions, grew by 3.6 per cent in 2023 and is expected to grow by 2.6 per cent in 2024.