Global shipping lines shun Russia

Most global shipping companies apart from China’s COSCO have suspended cargo bookings to and from Russia, says analytics company GlobalData. Business Fundamentals Analyst, Sathiya Jalapathy said the decision could put the country in a difficult position as it will struggle to import goods such as motor vehicles and spare parts, industrial machinery and equipment, apparel and electrical machinery. Essential goods such as medical equipment, food, and humanitarian aid continue to be transported, ... [+]

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