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On 24th February, Russian troops entered Ukraine. This is not only a human tragedy but a geo-political event of immense significance which has a host of short and long-term consequences. Policymakers in Europe and the US have stressed that everything is now on the table. Whatever new measures might ensue and depending on Russia’s counter-response, the immediate costs and possible risks for investors and corporates in the region have never been higher.
Global Counsel is going beyond the news cycle to analyse what the conflict means for businesses and policymakers in the region and beyond.
Impact assessment report
Our regularly-updated report looking at how these issues will play out in different sectors and geographies is available to download by clicking here or on the image below.
Latest Insights
We regularly produce insight and analysis on a wide range of topics including reports, blogs and podcasts. You can view all of our analysis here.
A year of war in Ukraine - retaliation, relocation, and reconstruction
23 Feb 2023 | Alexander Smotrov, Alexander van der Wusten, Magnus Obermann
On this week's episode of the Global Counsel Podcast, we discuss the impact of the Russia-Ukraine war on the business sector after a year of fighting. What does Ukraine's resilience mean for rebuilding efforts, why are businesses struggling to fully untangle themselves from Russia, and what is the state of play on future sanctions?
The Russia-Ukraine war threatens the MENA’s food security
20 Dec 2022 | Ahmed Helal
As the Ukraine war continues, questions arise about how different countries in the MENA region will tackle the affordability and availability of food, especially grain, in the coming year. Ahmed Helal distinguishes between oil exporters and net energy importers, and the choices these two groups might have if food scarcity grows as an issue in 2023.
Investing in Ukraine's post-war reconstruction
21 Oct 2022 | Alexander van der Wusten
The German G7 presidency and the European Commission will next Tuesday host a conference focused on Ukraine’s post-war reconstruction. Alongside the use of public funds, a central question will be where and how to encourage private investment.
Setting new precedent? Eight insights into the EU’s eighth Russia sanctions package
30 Sep 2022 | Magnus Obermann
Following Russia’s mobilisation and annexation of four Ukrainian regions, the EU’s foreign policy chief Josep Borrell announced that EU members had agreed on additional sanctions against Russia, which “will be brought forward as soon as possible.”
Looking out for the ‘brave ones’ – investing in post-war Ukraine
8 Jul 2022 | Alexander van der Wusten
At a conference in Lugano earlier this week, Ukraine’s government presented its post-war recovery roadmap – estimated to cost up to $750bn – to dozens of countries and international organisations.
What’s at stake in Central Asia from the war in Ukraine?
7 Apr 2022 | Alexander Smotrov and Alexander van der Wusten
The Russia-Ukraine war was the elephant in the room at the inaugural Tashkent International Investment Forum in late March.
Six weeks later: how the Ukraine invasion has changed the world
7 Apr 2022 | Alexander Smotrov, Anikó Zsebik, Beata Stepantchenko and Alexander van der Wusten
On this week’s podcast, Alexander Smotrov, Practice Lead, CEE, Russia and Eurasia, chairs a panel of Global Counsel experts to discuss the latest developments in the crisis and reflect on our recent event series covering the impact of the conflict on different regions and sectors.
How the war in Ukraine sets the to-do-list of the prospective Hungarian government
1 Apr 2022 | Anikó Zsebik
While the repercussions of the Russian invasion of Ukraine can be felt globally, the surrounding region is undoubtedly the most affected.
Globalisation in reverse: sanctions and the future of multilateralism
29 Mar 2022 | Jon Garvie
Russia is now the most sanctioned country in history. Since Russian troops invaded Ukraine on 24th February, 4,860 new measures have been applied to 519 entities, 4,309 individuals, 30 vessels and 3 aircraft.
Top in Tech: Russia-Ukraine and the EU's Data Act
24 Mar 2022 | Conan D’Arcy, Miranda Lutz and Jack Keevill
Conan D’Arcy, Senior Practice Lead for TMT is joined by Senior Associates Miranda Lutz and Jack Keevill. They discuss the tech industry's response to Russia's invasion of Ukraine and new regulations for data privacy.
How an international embargo against Russian oil could work
18 Mar 2022 | Thomas Gratowski
What seemed the most extreme of scenarios three weeks ago is now slowly becoming a reality: an embargo against Russian oil exports.
Upcoming events
We are hosting a series of events monitoring the crisis and what it means for businesses and policymakers. You can view our full programme of upcoming events here.
More events are coming soon - watch this space.
Recent events
See below a selection of GC's recent in person and online events. You can view our full archive of events here.
Ukraine’s post-war reconstruction: where do businesses come in?
2ng Aug 2022
Digital panel discussion with Sergei Guriev, economics Professor, Sciences Po Paris; Valeria Gontareva, Visiting Senior Fellow, the London School of Economics; and Denzil Davidson, Director, Global Counsel, to discuss what kind of immediate emergency support and longer-term investments are needed in Ukraine; what 'works’ in terms of reconstruction; and more.
Russia-Ukraine: the impact on the Middle East
31st Mar 2022
Digital in-conversation with Karen Young, Director of Program on Economics and Energy at the Middle East Institute in Washington and Ahmed Helal, Practice Lead, Policy and Strategy at Global Counsel MENA, discuss the Ukraine crisis and its impact on the Middle East.
Russia-Ukraine: history as it happens
24th Mar 2022
Digital in-conversation with Denzil Davidson, Adviser, Global Counsel; and historian Mary Elise Sarotte, professor at Johns Hopkins University and author of the new book ‘Not One Inch: America, Russia, and the Making of Post-Cold War Stalemate’, discuss the symbolic and practical aims of the trip, Putin's goals and what it means for European security.
Russia-Ukraine: inside Moscow and Kyiv
18 Mar 2022
Digital panel discussion with Owen Matthews, journalist, author and Newsweek’s former Moscow correspondent; Sergii Drobysh, a Ukraine-based political analyst; and Benjamin Wegg-Prosser, Global Counsel’s managing director, to explore where the conflict may go next, the options on the table for Russia's leadership and what the future holds for Russians and Ukrainians.
Russia-Ukraine: the impact on Asia
09 Mar 2022
Digital in-conversation with Benjamin Wegg-Prosser, Managing Director, Global Counsel; and Bilahari Kausikan, Chairman, the Middle East Institute (National University of Singapore) discussing the impact of the Ukrainian crisis across Southeast and East Asia.
Russia – Ukraine: how much worse can it get?
3 Mar 2022
Benjamin Wegg-Prosser, Managing Director, Global Counsel; Chris Weafer, a Moscow-based investment strategist and founding partner of Macro-Advisory; and Rebecca Park, Practice Lead, Financial Services, Global Counsel, discuss the sanctions’ impact on corporates and investors and the specific challenges they face in Russia and the wider region.
The Ukraine invasion: a global perspective
25 Feb 2022
GC experts discuss the Ukraine invasion, the immediate costs and possible risks for investors and corporates in the region, the long-term implications and the Western sanctions introduced so far and possible further measures by the UK, US and EU.
The Russia-Ukraine escalation: regional and business implications
18 Feb 2022
Marek Matraszek, Chairman, CEC Group; Vasyl Myroshnychenko, Partner, CFC Big Ideas; Alexander Smotrov, Practice Lead for Central and Eastern Europe, Global Counsel; and Rebecca Park, Senior Practice Lead, Financial Services, Global Counsel, investigate the potential regional implications of the current crisis and provide insights and outlook for domestic and international businesses operating in Ukraine, Russia and their neighbouring countries.
This event was held in collaboration with CEC Group
