The impact of US sanctions on the exchange rates of the yuan, dollar and euro in Russia and Belarus

The BRICS countries (Brazil, Russia, India, China, South Africa), which are playing an increasingly significant role in global maritime logistics.

As a result of the introduction of new sanctions against Russia and related countries, including Belarus, in December 2023, many Chinese banks refused to process dollar transactions for Russian and Belarusian companies.

When doing business with Chinese partners, it is necessary to take into account the work cycles in the country, which differ significantly from those accepted in ours.