Russia’s war on Ukraine highlights need for energy security

March 02, 2022

A rally in Vancouver protesting Russia's attack on Ukraine - Photo by Sima Ghaffarzadeh / Pexels

A rally in Vancouver protesting Russia's attack on Ukraine. Across Canada and around the world, similar demonstrations are occurring showing support for Ukraine. (Photo by Sima Ghaffarzadeh / Pexels)

Vladimir Putin’s invasion of Ukraine has sparked global sanctions against Russia with potentially far-reaching economic implications for his country, but the crisis has also renewed focus on the critical importance of energy security, according to a Western University expert.

Along with impacts on energy supply, there may be other economic concerns.

While there is no telling at this point what the potential consequences of the crisis in Europe to Canada’s global trade will be, Geoffrey Wood, a professor in the DAN Department of Management & Organizational Studies, said the impacts are likely going to be significant in two Canadian sectors: aerospace and automotive.

Read the full story by Mari-Len De Guzman at Western News