Tradelines News

Get the latest news and updates on cross-border customs and international trade.

Canadian Exporters Assess Russian Currency Crisis, Sanctions

Posted January 16, 2015

Under Economic Issues, International Trade Issues

(Andy Blatchford – Canadian Press)

Canadian exporters stung by Russia’s currency crisis and its retaliatory sanctions against the West wonder what 2015 will hold for a market filled with promise less than 12 months ago.

Companies from farm-equipment manufacturers to pork producers spent much of 2014 adjusting to the economic instability in Russia, a country that bought $563 million worth of Canada’s agricultural exports in 2012.

For some firms, the first half of 2014 had the hallmark of a banner year – and then sales evaporated. Read more here.