Russian exporters are grappling with severe difficulties in repatriating foreign currency revenues due to the latest round of US sanctions. According to a study conducted by logistics firm PEK and payment service provider MoneyRoo, the November sanctions package—which targeted nearly 100 financial institutions—has exacerbated delays in transactions, account freezes abroad, and the rising cost of cross-border operations.
Exporters of raw materials, high-tech equipment, and natural resources have been hit particularly hard, as these sectors rely heavily on payments in US dollars or transactions with financial institutions in the EU, Japan, and the United States.
Experts warn that companies are now struggling to repatriate up to 30% of their annual revenue on time, a situation that threatens their working capital and increases their debt burdens, raising concerns about the long-term viability of their operations.
The latest sanctions further complicate the business environment for Russian exporters, as they face growing financial and logistical hurdles in international markets.
