Russia's invasion of Ukraine hits Polish exporters and importers hard and permanently

Last year, Polish exports to Ukraine increased by almost a quarter. In turn, the value of sales of goods from Poland to Russia returned to the level before the annexation of Crimea eight years ago. According to Ebury analysts, this time the collapse of exports as a result of Russia's aggression against our neighbor will be incomparably deeper. The effects will be felt not only by companies directly involved in trade with the East.

"This time, however, we are dealing with a completely different scale of aggression and devastation to the economies of both countries. The scope of the fights is much wider, the sanctions against Russia are much more serious, and their effects are much more severe. The reputational risk should not be forgotten either – companies wishing to maintain trade with Russia and Belarus must take into account a high risk of the boycott by consumers all over the world. Simply put, anything related to an aggressor will be considered toxic for a long time to come," the report says.

(ISBnews)