Turkey’s textile industry is facing a huge disruption in shipping operations to Russia and Ukraine. The invasion of Russia into Ukraine has caused a significant blockage and an eventual cancellation of services by over $1 billion for Turkey’s textile industry. The textile industry of Turkey is an important part of the Turkish economy, as it […]
Tag: Russia-Ukraine War
Russia’s energy exports are increasingly getting sanctioned by the Western nations and different countries, which are likely to cut or alter the bilateral trade with Russia. This is in the aftermath of Russia’s invasion of Ukraine, which started a few weeks ago. The three western nations—the USA, UK, and EU are closely working together to drain and put a strain on the war chest of Russia by putting sanctions and bans on certain commodities. Recently, a number of lifestyle-related final product exports to Russia are also banned. Russia Imports, 2021 Russia waged a war with Ukraine […]
G7 countries in a recent announcement have pleaded with all the member countries to not restrict or limit their food exports in order to self-sustain or battle out with other countries amid the Russia-Ukraine war. Shipments from Russia and Ukraine are halted due to the war. G7 countries consist of Canada, France, Germany, Italy, Japan, […]
Russia-Ukraine war is causing troubles across nations as many commodities prices have peaked high, while shipment delays from both Russia and Ukraine are also causing bottlenecks in the supply chain. There are commodities that countries import from both Russia and Ukraine, such as wheat, for which both countries account for 29% of global exports. On […]
The United States is one of the largest LNG exporting countries in the world after Qatar and Australia, as per historical trade data and records. However, the USA is emerging out as the biggest LNG exporting country, higher than Qatar and Australia, its two competitors’ countries, for 2022. Or maybe there are more speculations about […]
The Russian invasion of Ukraine has driven different investors worldwide anxious and leaving worried about the potential outcome of actions taken by Western nations on Russia. Three Western countries have come together forming an alliance to sort of punish Russia for the deliberate attack on Ukraine and disturbing the world peace, perhaps. Three Western Nations […]
There are immense, severe consequences emerging from the Russia and Ukraine tensions. Following Russia’s invasion of Ukraine today, the prices of edible oils will go higher, as per traders and manufacturers. The vegetable oils market shook from the sudden impact. Ukraine is the highest exporting country of edible oils, especially sunflower oil, with a 76% […]
Several commodity markets are starting to experience a risk of global supply chain hindrance due to growing tension between Russia and Ukraine. There is still plenty of uncertainty over how the situation will evolve, but it is still worthwhile to look at the potential impact on international trade as prices of several commodities including crude […]