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Russia’s invasion of Ukraine leaves global trade in tatters

By JOSHUA GOODMAN, Associated Press
Published: March 4, 2022, 8:53am
7 Photos
FILE - Cargo ship Oakland crosses the Bosphorus strait towards the Marmara sea after departing from Russia's Novorossiysk port, in Istanbul, Tuesday, March 1, 2022. Turkey, which is trying to balance its support for Ukraine with its fragile economic ties to Russia, said Monday it is implementing an international convention that allows the country to shut down the straits at the entrance of the Black Sea to warships, to avoid an escalation of the conflict.
FILE - Cargo ship Oakland crosses the Bosphorus strait towards the Marmara sea after departing from Russia's Novorossiysk port, in Istanbul, Tuesday, March 1, 2022. Turkey, which is trying to balance its support for Ukraine with its fragile economic ties to Russia, said Monday it is implementing an international convention that allows the country to shut down the straits at the entrance of the Black Sea to warships, to avoid an escalation of the conflict. (AP Photo/Francisco Seco, File) Photo Gallery

MIAMI — Sanctions on Russia are starting to wreak havoc on global trade, with potentially devastating consequences for energy and grain importers while also generating ripple effects across a world still struggling with pandemic-induced supply chain disruptions.

Since Russia’s invasion of Ukraine, hundreds of tankers and bulk carriers have been diverted away from the Black Sea, while dozens more have been stranded at ports and at sea unable to unload their valuable cargoes.

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