TT Club warns forwarders and transport firms of increased risks of operating in Russia
Transport firms operating in Russia have been warned to carry out thorough risk reviews and ...
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
Dear oh dear – things really aren’t looking good for the Russian bear at all, nor for all those that do business with it. “Poor structural policies, Western financial sanctions, and the oil price collapse. Each is producing a negative effect which reinforce each other to make the situation disproportionately worse,” combining to send the ruble plummeting to depths it has not seen for a while and wiping – in dollar terms – some 40% of the country’s GDP. And to make it worse, the Russian government doesn’t seem to realise what’s happening: “Russia’s national security council contains no economic official, and neither does Putin’s private circle. The secret police have taken over, and they are not likely to believe in any financial crisis until it is too late. It is already late.”
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