Vietnam Suspends Catfish Exports to Russia on Sanction Impact
- Country is one of the leading shippers of white fish to Russia
- Exporters said buyers were unable to pay because of sanctions
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Vietnam’s catfish and tuna exporters suspended shipments to Russia and Ukraine and are refraining from entering new contracts after the U.S. and Europe imposed sanctions on Russia after its invasion of Ukraine.
The shippers said their Russian buyers declined to pay for their orders because of the plunge in the ruble to a record low, while payments through their banks are at a virtual standstill because of the sanctions, according to the Vietnam Association of Seafood Exporters and Producers.