Exporters to Russia Facing Increasing Payment Risk

Amsterdam (ots/PRNewswire) -

Russia is currently experiencing a slowdown in economic growth,
and the situation is most likely to deteriorate further as a result
of the newly imposed sanctions. Atradius is observing an impact
across all sectors in the form of decreasing domestic demand, a
weaker rouble exchange rate, a rise in inflation, limited access to
external financing and international capital outflow.

Exporters to Russia could experience an increase in payment delays
and defaults. Some sectors are expected to be more affected than
others. Russia's sanctions on imports of food and agricultural
products will hit the food sector, in particular the fish, meat and
dairy subsectors, with a negative impact on the whole value chain.
Sectors dependent on consumer demand, such as the consumer durables
and consumer electronics sectors are also expected to see further
slowdown.

EU and US sanctions on financing are expected to put a toll on
Russian businesses dependent on financing. The oil and gas industry
is still performing well thanks to high commodity prices, but
businesses in other strategic sectors such as metals and mining are
suffering, and may not be able to refinance their large debts. While
the Russian government is ready to provide financial support, its
reserves, though ample, are limited.

Some sectors, however, such as the pharmaceuticals sector, are
expected to be less impacted and local agricultural production could
even benefit from restrictions on food imports. In case of price
controls, however, business profits may be hit with higher costs that
cannot be transferred to consumers in such cases.

A more in-depth review of the Russian business environment is
available in the September 2014 Atradius Country Report on Russia
[http://global.atradius.com/ccriskreport/list/ccriskreport.html ].

About Atradius

The Atradius Group provides trade credit insurance, surety and
collections services worldwide. With a presence through 160 offices
in 50 countries, Atradius has access to credit information on 100
million companies worldwide. Its products help protect companies
throughout the world from payment risks associated with selling
products and services on credit.

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ots Originaltext: Atradius N.V.
Im Internet recherchierbar: http://www.presseportal.de

Contact:
For further information: Atradius Corporate Communications,
Christine Gerryn, Tel.: +31-20-553-2047, E-mail:
christine.gerryn@atradius.com