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Russia-Ukraine Conflict impact on Supply Chains

The Russia-Ukraine Conflict: How Will Your Supply Chains Be Affected?

On Thursday, February 24 at 4:30 AM (GMT+2), Russian Federation forces opened fire on multiple structures military and civilian in Ukraine after crossing Senkivka-Veselovka border of Belarus.

In response, multiple countries including the US, Japan, and the EU have announced new sanctions on Russia.
The Situation in Ukraine

Martial law has been invoked by the Ukrainian government, and Ukrainian airspace has been closed to civilian flights. Several airlines including Air France-KLM, Lufthansa, Swiss Air Lines, and Scandinavian Airlines have also cancelled flights in the area. Railway operators in Ukraine have also suspended cargo transport services until further notice.
The Situation in Russia
More than 200 domestic and international flights have been cancelled at Moscow airports. Although cargo operations at the ports of St. Petersburg, Novorossiysk, and Vladivostok are reportedly normal, trucking queues have formed at the borders of Poland-Belarus and Lithuania-Belarus.

Some truck operators are also refusing cargo transit to Russia, and the Ukraine-Belarus border is closed until further notice. Highways in parts of Central and South Russia will experience intermittent congestion due to continued military mobilization.
Leading Up to This

On February 21, 2022, Russia formally recognized the declared independence of the Donetsk People’s Republic and the Luhansk People’s Republic—both are disputed territories in Donbas, the southeastern region of Ukraine. On February 23, Russian officials announced a Special Military Operation in the Donbas region and began evacuations of Russian diplomats in Ukraine.

World Wide Customs Brokers will provide further updates as the situation develops.

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