Sanctions on Russia Could Hinder Trade with Brazil

Lack of fertilizers and price of inputs is the main warning of experts

The sanctions imposed on Russia, such as the withdrawal of banks from the Swift international payment system and the freezing of international reserves, can make it impossible to ship products from that country to Brazil and even delay the unloading of goods that are already on their way to Brazil.

Specialists in the area of ​​foreign trade say the biggest risk for Brazil at this moment is the inability to guarantee the delivery of fertilizers, products that represented 62% of imports from Russia in 2021.

Exports, on the other hand, could be directed to other countries, since the foreign country represented only 0.6% of the foreign market for Brazilians last year.

Another factor that could affect foreign trade is Tuesday's decision by shipping giants Maersk and MSC, which will temporarily stop all container transport to and from Russia.

Translated by Kiratiana Freelon

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