Kenyan exports of fruits, tea, flowers and coffee to Russia have been derailed in the wake of sanctions imposed on Moscow by Western nations. The export bans, estimated to affect nearly Ksh10 billion ($87.5 million) annually, came after major container and shipping lines temporarily suspended cargo shipments to and from Russia in response to the sanctions.
Excluding Russian banks from SWIFT, the international payment system, and its central bank from international operations has made it harder for the country to pay for imports and receive cash for exports. However, the exclusion of Russian banks from SWIFT will make it riskier and more expensive for Kenyan exporters, halting exports like spices, nuts and vegetables to Russia.
Source: theeastafrican.co.ke
