The new IPCC report assesses the impacts and risks of climate change as well as human adaptation options. It focuses primarily on the effects for the Global South, but the report also shows significant consequences for Europe.
Von Lukas Knigge
The closure of Russian airspace is wreaking havoc on air traffic. Longer travel times are to be expected on China routes. Costs are rising for cargo airlines, which could also affect supply chains and prices. Meanwhile, Asian airlines will be able to continue taking the shorter routes – to Europe's disadvantage.
Von
In addition to the exclusion from the international payment system Swift, tech sanctions could also have a severe impact on Russia's economy. However, China could offset punitive measures with its own exports. But Beijing has to hold back; after all, the Communist Party does not want to break completely with the West. This price would probably be too high.
Von Ning Wang
