This issue of Trade Finance Talks highlights the rapidly changing landscape of trade finance as 2022 unfolds with heightened volatility and uncertainty. Despite the record high of $28.5 trillion in global trade in 2021, the Russian invasion of Ukraine has dramatically shifted the focus. With Russia becoming a pariah state and major Western banks and commodity producers severing ties, the global economy faces a new era of multipolarity reminiscent of the Cold War. The issue explores the challenges this poses for trade finance, particularly in maintaining liquidity and ensuring the smooth flow of goods and services worldwide. Digitalisation remains a key theme, with contributions from industry experts such as Emmanuelle Ganne, Ed Lam, Pamela Mar, and others discussing its critical role in delivering trade finance where needed while also preventing its misuse. The issue also raises pressing questions about the future of energy, especially Europe's reliance on Russian gas, and the potential impact on green finance in the wake of COP26. With insightful articles from contributors like Anna Sands, Irene Gambelli, Diana Rodriguez, and Richard Simon Lewis, this issue provides an overview of the challenges and opportunities facing the trade finance industry in 2022.