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, $30 million worth of meat and other products are still on their way to Russia .
Paraguay's "National News" reported on March 6 that Russia is the second largest export market for Paraguay beef and the largest export market for cattle offal
.
Last year, Paraguay's agricultural exports to Russia accounted for 25% of its total agricultural exports, worth about 390 million US dollars
.
In addition, there are other businesses between the two countries
.
.
Last year, Paraguay's agricultural exports to Russia accounted for 25% of its total agricultural exports, worth about 390 million US dollars
.
In addition, there are other businesses between the two countries
.
Martin confirmed that there were about 150 containers on the ship bound for Russia
.
Paraguayan exporters have been communicating with Russian importers in recent days to confirm payment for all shipments
.
However, he expects that Russia will not accept all Paraguay shipments and that some goods will be returned, which will have to be transported to other markets
.
.
Paraguayan exporters have been communicating with Russian importers in recent days to confirm payment for all shipments
.
However, he expects that Russia will not accept all Paraguay shipments and that some goods will be returned, which will have to be transported to other markets
.
According to reports, the Western countries have imposed severe economic sanctions on Russia, including the expulsion of Russian banks from the International Funds Clearing System (SWIFT), which has battered the Moscow stock market and sent the ruble tumbling against the dollar and the euro
.
Without SWIFT, an international trade settlement tool, it would be difficult for Russia to trade with other countries
.
.
Without SWIFT, an international trade settlement tool, it would be difficult for Russia to trade with other countries
.
Martin said that for the sake of payment security, Paraguay will not make new exports to Russia for the time being, but it can be confirmed that Paraguay hopes to continue exporting to Russia in the future, because Russia is a very important trade ally for Paraguay.
It is of great help to the development of the meat industry chain in Paraguay
.
It is of great help to the development of the meat industry chain in Paraguay
.
In the end, Martin estimates that the incident "will not have a big impact" on Paraguay's commercial relations with Russia, but there will be a readjustment of trade between the two countries, which may take at least 30 days
.
.
