Serbia has reduced exports to Russia

Food exports are expected to fall
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Sanctions against Russia in general and the Urals in particular

Exports from Serbia to Russia declined in a number of industries due to uncertainty amid Western sanctions. Bojan Stanic, Assistant Director of the Chamber of Commerce and Industry of Serbia, spoke about this.

According to him, exports to Russia decreased due to the decision of suppliers to reduce production for the Russian market. “Exports are expected to fall in the segments of textiles, car tires and chemical products. Some negative effects will also affect food supplies, “Stanic told RIA Novosti.

Uncertainty about how goods will pass through border crossings through EU countries to Russia is also affecting, Stanic said. He noted that transport costs have increased, routes have become longer and longer, payment transfers have slowed down, and there are problems with cargo insurance.

At the same time, before the imposition of sanctions, there was an increase in exports from Serbia to Russia, the agency said. The total volume in 2021 of 840.3 million euros is 5% higher than in 2020 (800.2 million). In January 2022, exports amounted to 71 million euros – 22% more than a year earlier, when exports were affected by the COVID pandemic.

Western countries have imposed sanctions on Russia over a special operation in Ukraine. Also because of this, foreign companies began to leave the Russian market. Domestic producers are engaged in substitution. For example, create analogues of Western drugs. Sanction pressure on Russia has continued since the beginning of the “zero” and has intensified in recent months. Russian President Vladimir Putin has stated that sanctions would be imposed without a special operation. According to him, the goal is to “cancel” Russia. This is how he spoke about discrimination against everything connected with Russia.

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Exports from Serbia to Russia declined in a number of industries due to uncertainty amid Western sanctions. Bojan Stanic, Assistant Director of the Chamber of Commerce and Industry of Serbia, spoke about this. According to him, exports to Russia decreased due to the decision of suppliers to reduce production for the Russian market. “Exports are expected to fall in the segments of textiles, car tires and chemical products. Some negative effects will also affect food supplies, “Stanic told RIA Novosti. Uncertainty about how goods will pass through border crossings through EU countries to Russia is also affecting, Stanic said. He noted that transport costs have increased, routes have become longer and longer, payment transfers have slowed down, and there are problems with cargo insurance. At the same time, before the imposition of sanctions, there was an increase in exports from Serbia to Russia, the agency said. The total volume in 2021 of 840.3 million euros is 5% higher than in 2020 (800.2 million). In January 2022, exports amounted to 71 million euros – 22% more than a year earlier, when exports were affected by the COVID pandemic. Western countries have imposed sanctions on Russia over a special operation in Ukraine. Also because of this, foreign companies began to leave the Russian market. Domestic producers are engaged in substitution. For example, create analogues of Western drugs. Sanction pressure on Russia has continued since the beginning of the “zero” and has intensified in recent months. Russian President Vladimir Putin has stated that sanctions would be imposed without a special operation. According to him, the goal is to “cancel” Russia. This is how he spoke about discrimination against everything connected with Russia.

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