While the world watches on as the dramatic developments in the Crimean peninsula push forward the developments in the Ukrainian crisis, Greek exporters are also starting to feel the impact of the crisis, as they are forced to renegotiate deals and prices.
The problem, according to a report in Ta Nea, is that the value of the Russian currency has dropped by about 22% compared to the Euro in the past four months, making European goods increasingly expensive and non-competitive in Russia.
The Greek embassy is Moscow is contacted daily by Russian traders and wholesalers of Greek products (such as vegetables and fruit), who have complained that they will be unable to continue operating, unless the trade agreements are revised.
Many of these deals were established is early 2013 or at the start of the new year, as is customary in Russia, when the exchange rate was about 42 rubles per euro, compared to 50.7 rubles per euro in the past few days.
