The Ukraine war has had a devastating impact on the global economy, disrupting maritime trade with significant ramifications for the commercial operations and the global supply chain. What are the security concerns for the regional states? What are the evolving implications on the economic sectors in this region?

Our intelligence analysts researched the factors influencing maritime trade in the Black Sea and provided us with an insightful outlook for 2023. Two of our Europe specialists, Valentin Munteanu and Stephanos Chaillou, brought their insights and analysis on security developments in the Black Sea region and offered some scenarios on the outlook of critical economic sectors in the wider European region.