The collapse of the Russian ruble: household appliances become more expensive, and vegetable and fruit suppliers cancel contracts

The fall of the ruble was exacerbated by new sanctions against Russia's financial sector.

Russian ruble continues to fall, despite the currency interventions of the Central Bank of Russia. On November 28, the ruble fell against the dollar, yuan and euro.

“Kommersant” newspaper writes about this.

The publication notes that suppliers of vegetables and fruits from countries that Russia calls “friendly” canceled a number of contracts for exports to the Russian Federation due to the fall in the ruble exchange rate.

It is clarified that due to the growth of currency risks and the sharp devaluation of the ruble, the Russian Federation faced the cancellation of export contracts for fruit from Egypt, Turkey and Iran. Exporters from these countries are now more cautious and are demanding price revisions to reflect increased currency risks.

In addition, sellers of vegetables and fruits, which are mainly imported from abroad in winter, have already started to hold back the goods,…