In Russia, which has been subject to severe economic sanctions from Europe and the United States due to the military invasion of Ukraine, confusion is occurring among companies doing business transactions with foreign countries.
An interior company with eight stores in the capital Moscow and the second city, St. Petersburg, mainly imports and sells residential curtains and wallpaper from Europe.
However, since the Russian military invasion began last month, the value of the currency ruble has fallen sharply against the euro and the dollar, raising purchase prices and forcing commodities to rise by 20% to 25%.
If this situation continues, further price increases will be unavoidable.
In addition, there are serious delays in logistics, such as products that had arrived in about two weeks now are expected to take more than two months, and the EU = European Union and the United Kingdom have tightened sanctions on Russia, and export procedures have been carried out. May be complicated.
For this reason, in the future, we are considering switching the supplier of products to China, India, Turkey, etc., which have friendly relations with Russia.
Also, worried that the sanctions could reduce the purchasing power of the people, Alexei Elyseev, president of an interior company, said, "The outlook for the business is extremely difficult. The situation changes day by day. I can't be optimistic. "