Company: PAX
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025640
Chunk: 15

Company: Patria Investments Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 3
Chunk 15
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 markets, and establishing limits on deposits Russians can make at U. K. banks. The U. S., the EU and the U. K. adopted personal measures, such as sanctions on individuals with close ties to Mr. Putin, and placed visa restrictions on several oligarchs, as well as their family members and close associates, and froze their assets.

While the precise effect of the ongoing armed conflict and these sanctions on the Russian and global economies remains uncertain, should tensions continue to increase, markets may face continued volatility as well as economic and security consequences including, but not limited to, supply shortages of different kinds, increases in prices of commodities, including piped gas, oil and agricultural goods, among others. Given that Russia and Ukraine are among the largest grain exporters in the world, impacts on financial markets, inflation, interest rates, unemployment and other matters could affect the global economy.

In October 2023, the state of Israel was the target of an attack by the terrorist group Hamas, which led to the death of a number of civilians. As a result, Israel declared war on Hamas and conflicts commenced in Israel and the Gaza strip. The conflict is still ongoing, some world leaders have declared support to Israel, including through the commitment of funds and military personnel and capabilities. It is unclear whether the conflict and its underlying uncertainties will be contained or resolved in the near future, and what effects they may have on the global political and economic conditions in the medium and long term.

Other potential consequences include, but are not limited to, growth in the number of popular uprisings in the affected regions, increased political discontent, especially in the regions most affected by the conflict or economic sanctions, an increase in cyberterrorism activities and attacks, exodus to regions close to the areas of conflict and an increase in the number of refugees fleeing across Europe, among other unforeseen social and humanitarian effects and potential crisis.

As a company that operates globally, the adverse effects - global or localized - of the ongoing conflicts, and/or economic sanctions and import and/or export controls imposed by the United States, the U. K., the EU or others, could materially affect our operations, expansion plans, and ultimately our results. See “ - We are subject to anti-corruption, anti-bribery, anti-money laundering and sanctions laws and regulations in Brazil, Chile, the United States, the United Kingdom, Colombia, the Cayman Islands and in the various countries where we operate. Violations of any such laws or regulations could have a material adverse impact on our reputation and results