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Ukraine invasion: Western sanctions on Russia hit Shenzhen online merchants, says local group

Ukraine invasion: Western sanctions on Russia hit Shenzhen online merchants, says local group

Western sanctions imposed on Russia for invading Ukraine, which triggered a dive in the value of the rouble, are reverberating across China’s online cross-border merchant community, according to a local trade group. “The Russia and Ukraine markets have basically come to a standstill,” said Wang Xin, executive chairwoman of the Shenzhen Cross-Border E-Commerce Association.

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