This virtual complimentary is brought to you by FT Board Director Programme and FT Corporate Subscription, where we hosted a panel of subject matter experts from Ashurst, TS Lombard and S&P Global Market Intelligence, moderated by Robin Harding, FT Asia Editor.

The Russian invasion of Ukraine is one of the defining events of the post-Cold War era. Longer-term, it will reshape geopolitics, but the immediate impact is global economic dislocation from sanctions, supply chain disruption and rising commodity prices.

3 key takeaways:

• "May I use this opportunity to offer a free sanctions advice. Having implemented significant sanctions targeting Russia, the regulators are now focusing on compliance, loopholes and enforcement. Stricter enforcement measures are coming and the US regulators are certainly looking at Asia. We in Asia might feel far removed from the US, but US sanctions regimes have quite “long arms”. Hence, if your business has an exposure to Russia or energy sector generally, it would be important to revamp your commitment to sanctions compliance to reduce sanctions risks." Alexander Dmitrenko, Partner, Ashurst
• "I think these countries need to secure their own energy and supplies, diversify and reduce large dependence on one supplier" Rahul Kapoor, Vice President, Global Head of Commodity Analytics & Research, S&P Global Market Intelligence
• “This is a massive counter cyclical inflation shock, which will be a drag on the regional and global economy and with particular pressure on EM commodity importers.” Rory Green, Head of China and Asia Research, TS Lombard

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