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WTO publishes report on impact of Ukraine war on global trade

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Published on: 24 February 2023

Published by LNB News

LNB News 24/02/2023

Document Information

Issue Date: 24 February 2023

Published Date: 24 February 2023

Jurisdiction(s): United Kingdom

Article summary

The World Trade Organization (WTO) has released a report entitled ‘One year of the war in Ukraine’, providing an assessment of the effect the Russian invasion in 2022 has had on global trade and development. The report states that global trade performed better than had been predicted at the outset of the war, with alternative sources of supply allaying the impact which could have been had. The WTO points to the resilience of multilateral trading system as one reason why the potential disruption has thus far been withstood.

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