Independent journal on economy and transport policy
06:02 GMT+1
This page has been automatically translated by Original news
Russia's FESCO closed the first half of the year with record revenues
The company confirms that sanctions can have a significant negative impact on the Russian economy
September 5, 2022
Referring to the impact on Russian companies of sanctions against Russia imposed by the USA, the European Union and others nations due to the invasion of the territory of Ukraine began last February 24 by moscow's troops, FESCO highlighted whereas, in addition to the blocking of supplies of various goods and services to Russian companies and economic uncertainty introduced with sanctions, Russian companies "have practically no access to the international stock market, to the capital market of lending and other development opportunities, which could lead to greater dependence on state support." Specifying that it is difficult to assess the consequences for a long time end of the sanctions imposed and any further sanctions, the shipping company noted that, "however, the sanctions can have a significant negative impact on the economy Russian'.
Recalling, moreover, what effect of the sanctions has been also the decline in exports to Europe, while the exports through the ports and borders of the Far East are growing as a result of export redirection for Europe to the east, FESCO has shown that, by operating primarily in the Asia-Pacific region, the company registered a positive effect on the profitability produced by its own intermodal transport and container transhipment services.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
Referring to the impact on Russian companies of sanctions against Russia imposed by the USA, the European Union and others nations due to the invasion of the territory of Ukraine began last February 24 by moscow's troops, FESCO highlighted whereas, in addition to the blocking of supplies of various goods and services to Russian companies and economic uncertainty introduced with sanctions, Russian companies "have practically no access to the international stock market, to the capital market of lending and other development opportunities, which could lead to greater dependence on state support." Specifying that it is difficult to assess the consequences for a long time end of the sanctions imposed and any further sanctions, the shipping company noted that, "however, the sanctions can have a significant negative impact on the economy Russian'.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
