News / India and Bangladesh fear trade disruption and payment challenges

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Amid uncertainty over receiving timely payments, due to sanctions imposed by western nations on Russia, Bangladeshi garment makers have been urged to be cautious in exporting to Moscow.

The Bangladesh Garment Manufactures and Exporters Association (BGMEA) has asked member factories to get guarantees from buyers before shipping.

The move to restrict major Russian banks from the SWIFT international payment system could block making or receiving payments.

Bangladesh has more than $1bn in export trade with Russia, the majority of which is garments, the ...