Comment / Analysis: What if China is heavily sanctioned? $24bn base exposure for the majors

Looking at supply chains through the lens of a world at war would thicken even the hardest heart, let alone the purest soul.

But, as the late, great Freddie Mercury sang, the ’show must go on’ and there have been distinct signs in recent days that the Russia-Ukraine conflict may spread beyond the borders of the former Soviet Union, at least as far as hefty sanctions are concerned.

And while we are all aware, as we learned last Friday, that the EU “has ...