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The Implications of War in Ukraine on Asian Businesses and Economies

13 April 2022

Online via Zoom

The panel discussion will cover the possible knock-on effects on Asian economies resulting from the Ukraine war and Russia sanctions, and consider how the businesses and economies might have to adapt given the new environment.

What are the direct effects of war on Asia's economies? What are the short-term and long-term effects on the prices of hydrocarbons and agricultural commodities? Can sanctions against Russia have unintended knock-on effects to Asian economies? How should businesses in Asia adjust? Why do the corporate firms boycott Russia's market and what could that mean for Asia? Can global trade relationships change as a result of war and sanctions?

The event is co-organized with Lithuanian Professionals in Asia network. Alminas Žaldokas, Associate Professor of Finance and Lee Heng Fellow at The Hong Kong University of Science and Technology, will moderate this event.

Ticket Price European National Chambers Members | Members and friends of Lithuanian Professionals in Asia: Free Non-Members: 200 HKD


Albert Park is Chief Economist of the Asian Development Bank (ADB) and Director General of its Economic Research and Regional Cooperation Department. He is chief spokesperson on economic and development trends and leads the production of ADB’s flagship knowledge products and support for regional cooperation fora. Mr. Park has more than 2 decades of experience as a development economist. A well-known expert on the economy of the People’s Republic of China, he has directed a number of large-scale research projects in the country. He has also served as an international consultant for the World Bank and a steering committee member for the Asia-Pacific Research Universities’ Population Ageing Hub.

Alicia García Herrero is the Chief Economist for Asia Pacific at Natixis. She also serves as Senior Fellow at the Brussels-based European think-tank BRUEGEL and a non-resident Senior Follow at the East Asian Institute (EAI) of the National University Singapore (NUS). Alicia is also Adjunct Professor at the Hong Kong University of Science and Technology. Finally, Alicia is a Member of the Council of Advisors on Economic Affairs to the Spanish Government and an advisor to the Hong Kong Monetary Authority’s research arm (HKIMR) among other advisory and teaching positions.

Professor Bernard Yeung is the Stephen Riady Distinguished Professor in Finance and Strategic Management at the National University of Singapore Business School. He is also the President of the Asian Bureau of Finance and Economic Research. He was Dean of NUS Business School from June 2008 to May 2019.  Before joining NUS, he was the Abraham Krasnoff Professor in Global Business, Economics, and Management at New York University (NYU) Stern School of Business and the Director of the NYU China House. From 1988 to 1999, he taught at the University of Michigan and at the University of Alberta from 1983 to 1988.

Paulius Kuncinas is Covalis’ Chief Economist in charge of European and global macro coverage including green deal policy plans and the recovery fund. As a trained development economist with 15 years of experience in emerging markets, Paulius joined the Covalis team as a consultant in 2009 to analyse the euro debt crisis in Greece. Paulius is part of the European Commission’s Sustainable Finance working group as a delegated member. Prior to joining Covalis, Paulius was a Regional Editor at Oxford Business Group in charge of annual country reports for investors in emerging markets in Asia, the Middle East and Eastern Europe.

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