Chinese suppliers began asking Russian buyers to send their goods via third countries. It was reported “News” with reference to market participants.
Logistics with China has become significantly more complicated since July, said Alexey Poroshin, General Director of First Group JSC. “Three weeks ago, Chinese suppliers started asking Russian buyers to send their goods via third countries,” he said.
This information was confirmed by representatives of Opora Russia in China and commercial director of the Impaya Russian company Alexey Razumovsky.
The changes affect not only goods on the stop lists of foreign economic activity codes but also those not on those lists. Experts attribute the tightening to Western pressure on China’s banking system.
Some companies have already adapted to the new realities and started using new logistics routes, notes the expert practitioner from the import company Atvira Ekaterina Kizevich. But it takes time for them to work stably.
Before this, the main challenges in trading with China were: connected mainly by money transfer. Now the problems It turned out and may cause increased delivery times and costs in the field of logistics.
Previously Russian companies jam billions abroad.
What are you thinking?
Source: Gazeta

Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.