Russia-Ukraine conflict affects foreign trade companies
2022-04-14 10:14:12
The shortage of cabinets and containers caused by the epidemic, and the soaring freight rates of "land, sea, air and rail" in the world have not been fundamentally alleviated. The conflict between Russia and Ukraine has brought new challenges to foreign trade enterprises.
Guangzhou Huilin Company produces VPSA oxygen generators, PSA nitrogen generators, liquid nitrogen generators and other air separation equipment. More than 70% of the products are exported to more than 50 countries and regions around the world. Due to the globalization of the industrial chain and supply chain, the conflict between Russia and Ukraine It will not only affect companies that have direct trade with Russia and Ukraine, but also affect other trading companies. For example, the rapid rise in international crude oil prices, together with the sharp rise in the prices of raw materials, and the exchange rate fluctuations resulting in foreign exchange settlement losses for exporters that settle in euros, etc., will have a negative impact on all foreign trade companies.
The situation in Russia and Ukraine brought adverse effects. The goods were exported to Ukraine. After the goods were shipped, they were stuck in transit and could not reach the destination port. The customers could not receive the goods or pay. The goods are sent to Russia, and the sea has not been picked up.
Since the conflict between Russia and Ukraine, the United States and the European Union have imposed a number of strict economic sanctions on Russia, involving military, trade, finance, technology and other fields. At the same time, as one of the world's largest energy exporters, Russia has also made a series of countermeasures. This has directly impacted the global energy market, with international crude oil and natural gas prices continuing to rise, and Brent crude oil futures prices in London hitting a new high since 2008. Affected by this, the cost pressure faced by Chinese enterprises continues to rise.
Guangzhou Huilin Air Separation Equipment Co., Ltd., specializing in the production of oxygen generators
