The plunging value of the Russian currency, the ruble, has caused exporters in China to suspend sales on Russia's e-commerce platforms, it has been reported.The ruble hit a 32-month low this week of 114 to the U.S. dollar, prompting Russia's Central Bank to halt foreign purchases on the domestic currency market for the rest of the year.New U.S.
'Russian e-commerce platforms like Ozon, Wildberries and Yandex Market are less regulated and supplier-friendly compared with Chinese online platforms.''The Chinese suppliers on Russian e-commerce platforms in November may generate quite big sales, but at a loss,' Bazhanov said, 'a reasonable businessman may decide to stop sales temporarily.
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