Russia-Ukraine war: Taking heed of geopolitical risks and potential hotspots

THE war in Ukraine is dominating the headlines - for now.

But the conflict's indirect reverberations will ripple far beyond the borders of its combatants and their allies. Indeed, they could give rise to new and varied geopolitical risks throughout the world.

The war's potential effect on global grain supply and food inflation is especially alarming. Ukraine is known as the "bread basket of Europe", and together with Russia, it supplies wheat to developing countries across Africa, the Middle East and Central Asia.