Russia Gets Cut Off From World Trade as Shippers Halt Cargoes - Bloomberg

2022-06-24 08:01:12 By : Ms. Nancy Xu

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Almost half of the world’s container ships will no longer go to and from Russia, roiling trade in everything from food and metals to clothes and electronic goods.

Shipping giants A.P Moller-Maersk A/S and MSC Mediterranean Shipping Co. said they’re halting trade in the region, joining Hapag-Lloyd AG and Asia’s Ocean Network Express Pte in stopping services. They’re among the latest in a growing list of companies ceasing business with or exiting Russia following its invasion of Ukraine.