While we recognize that more challenges may emerge over time, several areas are already apparent: Untangling short- and midterm disruptionsĪs business leaders deal with the short-term effects of the conflict, fundamental disruptions are under way that will shape the future beyond the immediate crisis. We conclude with some reflections on implications for business leaders as they navigate yet another crisis. We begin with a perspective on the short- and midterm disruptions and then frame scenarios for the potential impact on livelihoods in the eurozone, in the belief that some guidelines to bound uncertainty are better than none at all. In this article, we offer an initial framing of the challenges, with full recognition of the uncertainties. However, it is already certain that, as a consequence of the economic impact of the crisis on energy and food markets, disruptions will affect many in Europe and beyond. It is unclear how the military situation, the political process, and the countermeasures around the world will play out-in either the shorter or longer term. Ukraine is seeking more help from Western countries to beat back the Russian invasion.As in any conflict, uncertainty is high. The Ukrainian leader is scheduled to speak to American lawmakers via Zoom on Wednesday morning U.S. Ukrainian President Volodymyr Zelenskyy will deliver an address to the U.S. is watching China closely and warned "any such country that would seek to attempt to bail Russia out of this economic, financial morass will be met with consequences." State Department spokesman Ned Price said the U.S. and Chinese officials met for seven hours in Rome to discuss Ukraine and other issues. Meanwhile, Ukraine's deputy prime minister for European and Euro-Atlantic integration said Russia is escalating attacks in the western part of the country. Negotiations are expected to resume Tuesday - also by video. Firefighters extinguish a fire at an apartment building after a Russian rocket attack in Kharkiv, Ukraine's second-largest city, on Monday, March 14.Īs Monday draws to a close in Kyiv and in Moscow, here are the key developments of the day:Ī fourth round of talks between Ukraine and Russia concluded without a breakthrough.
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