WEST LAFAYETTE, Ind. Maksym Chepeliev began his career focused on global trade and a pathway to alternative energy when environmental concerns dominated the conversation. In February, Russia invaded his home country of Ukraine, and his life changed.
Maksym Chepeliev began his career focused on global trade and a pathway to alternative energy when environmental concerns dominated the conversation. In February, Russia invaded his home country of Ukraine, and his life changed. His work and expertise took on new importance, informing energy sanctions and the potential economic impacts of the war.
The trade disruptions resulting from Russia’s invasion of Ukraine have revealed the vulnerabilities of relying on a limited range of suppliers for imports with few substitutes. This column shows that the impact of the war through Russia’s participation in global value chains relates to its ‘upstream’ position. Countries in closer geographic proximity to Russia face higher