Arious raw materials and cause large. Fluctuations in raw material markets. It should be noted that prices were high even india phone number list before the russian. Invasion of ukraine. This was due to the challenges posed by the pandemic to global supply chains, production processes and labor availability, as well as the india phone number list lack of energy resources in europe and the. Less favorable weather conditions for agricultural crops in the world. Prices for energy, food and raw. Materials have returned to their highs since early march. Invasion of ukraine. If sanctions are further tightened and russia's retaliatory sanctions follow, prices.
Could rise further. Any entrepreneurs will have to find new partners and walk new supply routes we did. Not expect the long-awaited improvement in the supply chain after the disruptions caused by the. Pandemic. At present, a number of companies india phone number list in western countries, including latvia, will have to look. For alternative markets and sources of raw materials, as cooperation with russian and belarusian. Partners will become india phone number list less and less possible and riskier. Due to sanctions and precaution, we are. Expected to see disruptions in land trade, including rail, between asia and europe. The closure of. European airspace to russian aircraft.
Restricted traffic and port use in the. Black sea is another channel that will affect supply chains. In addition, it must be taken into account. That the india phone number list rise in fuel prices will make transportation more expensive. Russia is latvia's fifth largest export. Partner. Ukraine ranks 17th and belarus 21st.In total, about a tenth of the india phone number list export value of latvian goods. Went to these countries last year. We mainly exported alcoholic beverages, machinery, electrical. Appliances, pharmaceuticals and plastic products.