TALLINN - Swedbank analysed in January what the effects the fall of the rouble exchange rate, sanctions against Russia and the global oil price decline have had on companies operating in Estonia and found that the impact was smaller than expected, Postimees Online reports.
“Goods produced in Estonia form just 23% of the exports headed to Russia,” said Swedbank Head of Corporate Banking Tauno Vanaselg.
Thus, the problems of Russia as an export destination country concern a very small number of companies, and most of them have a good awareness of risk. ...
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