Virtual Event - Geopolitics is back in Europe: Russia, EU, and its impact on European companies

The virtual event hosted by LM Political Risk and Strategy Advisory together with “Altstipendiaten der Konrad-Adenauer-Stiftung e.V.” and its special interest network "Netzwerk Aussenwirtschaft", delved into the pressing topic of "Geopolitics is back in Europe: Russia, EU, and its impact on European companies." We would like to thank the numerous participants whose insightful questions enriched the discussion. Johannes Leitner and Dr. Laetitia Spetschinsky (OIIP & University of Leuven) discussed the impact of Russia’s war in Ukraine and EU’s sanctions strategy on businesses in Europe.

In conclusion, it is essential for business leaders to heed the following key points:

⚡ The global trade framework faces significant challenges and is undergoing transformation.

⚡ Geopolitics is making national security a priority.

⚡ In response to Russia's invasion of Ukraine, the EU has quickly adapted to the application of sanctions, signaling a paradigm shift.

⚡ Sanctions have become a permanent state of affairs and are becoming an increasingly popular diplomatic instrument.

⚡ The risk of expropriation in Russia for Western companies is on the rise and requires careful attention.

These insights underscore the critical need for proactive strategic planning and risk management strategies in navigating the evolving geopolitical landscape, safeguarding the interests of European companies amidst geopolitical uncertainties.