GENERICO.ruEconomicsParaguay reported losses in trade with Russia due to Western sanctions

Paraguay reported losses in trade with Russia due to Western sanctions

WASHINGTON, April 19 Western sanctions are leading to Paraguay's losses in trade with Russia, but the country hopes to quickly restore income, Paraguayan Finance Minister Carlos Fernandez said in an interview Valdovinos.
“”Paraguay is receiving significantly less money than under normal circumstances. So we hope that this issue will be resolved quickly for the sake of everyone's well-being,” he said on the sidelines of the spring conference of the International Monetary Fund (IMF) and the World Bank. commenting on the impact of Western sanctions on trade with Russia.

Valdovinos noted that Russia is currently one of the main markets for Paraguayan beef exports, and although Western sanctions have failed to lead to restrictions, they have complicated trade between the countries.

“But we believe that in the end everything will be settled in the future,” the Paraguayan minister emphasized.

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