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Effects of Russian sanctions, energy crisis will be long-term: experts


the European Union
EU
Weaning
Claridge
Keystone Law
Economics Observatory
UN
the UN World Food Programme
DPA


Vladimir Putin
Ursula von der Leyen
David Claridge
Dragonfly
Benjamin Maltby
Martin Frick


Western
Russian
theEU
European
German
Ukrainian


Europe
Africa

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Russia
Ukraine
US
Moscow
Germany
crisis."While
Bulgaria
China


the Russo-Chinese axis

Positivity     35.00%   
   Negativity   65.00%
The New York Times
SOURCE: http://www.businessinsider.com/sanctions-russia-oligarchs-long-lasting-impact-global-supply-chain-2022-4
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Summary

Some experts say that the prospect of continued disruption to food and energy supplies as a result of the war will trigger a search for long-term alternatives to Russian imports.While the price shock of the conflict is felt globally, the disruption to energy supplies is most keenly felt in the European Union (EU), which sources a quarter of its oil imports and 40% of its natural gas from Russia (the US, by comparison, got about 3% of its crude oil from Russia in 2021). A UN official warned in early May that millions of tons of grain are stuck in Ukraine as the ongoing conflict with Russia prevents safe transit from the country's ports.Martin Frick, the Germany director of the UN World Food Programme told German news agency DPA: "Ukraine's food is urgently needed in the world," adding that Ukrainian shipments were critical to help tackle a "global food crisis."While the heavy investment required to source new supplies suggests that any development of new supply channels could ensure a long-term shift away from Russian natural gas, trade in oil, refined products, and agricultural goods could be more fluid.

As said here by Sam Tabahriti