Event to help businesses navigate impact of Ukraine crisis
Western Union Business Solutions are set to hold an event this week focusing on the need-to-know information required by international businesses in the midst of the Russia-Ukraine crisis.
As the Russia-Ukraine conflict and its global implications intensify, many international businesses are being forced to counter the unexpected consequences.
Taking place as a webinar on Thursday 24 March at 3pm, the session will be moderated by Head of Market Insights, Nawaz Ali, and guests will hear a team of experts about the opportunities and risks they are actively managing as the situation in Ukraine unfolds.
Amidst other important global trends like interest rate hikes and inflation, some of the consequences thus far have been:
- Currencies: GBP/USD has dropped nearly 3 per cent, whilst the Russian Ruble has fluctuated by ~60 per cent between ?174 to ?109*
- Commodities: Oil prices rose as much as 40 per cent to $140 - highest since 2008 - increasing inflation fears globally.
- Payments: international transfers into Russia suspended by SWIFT payments network
- Regulations: US, UK and Europe Impose sweeping Sanctions on Russia with implications to business all across the world.
George Vessey (pictured), FX & Macro strategist, Western Union Business Solutions said: “Join our latest market insights webinar, in which we will help you identify some of the critical emerging market trends, forecast the FX and trade variables that you may need to factor into decisions, and help you unravel the complexity of the new and unprecedented multi-lateral sanctions scenario. ”