Shipping liners have stopped booking export cargo destined for Russian and Ukrainian ports in the wake of the conflict between the two countries, officials said. Cruise liners have also announced the cancellation of port calls in Russia, they said.
Russia is the topmost destination for India’s engineering exports in the Commonwealth of Independent States (CIS) region.
Not only has action by shippers jeopardised exports which have been contracted but has also placed a question mark on future shipments.
