According to Yiwu customs statistics, 1-11 months of this year, Yiwu exported to Russia 2810000000 yuan, growth of 6.9%, but far below the average growth rate of 24.8% of the city's exports. And during the month of November, Yiwu exported to Russia 180000000 yuan, 1.9% year-on-year decline, a decline of 16.3%.

The devaluation of the ruble

Exports to Russia slowed down the pace

Recently, along with the fall in international oil prices, the rouble falling a road. In December 16th the dollar against the ruble exchange rate broke through the record high of 80 bit. Since the beginning of this year, the ruble against the dollar has depreciated by more than 50%.

The expert thinks generally, international oil prices fall and Western sanctions attack hit the ruble, caused the epicycle rubles cliff collapse. In the ruble plummeted driven, emerging market currencies also face varying degrees of depreciation pressure, China economic impact on some level.

Yiwu customs officers think, from November I city commodity exports to the Russian situation, have obviously felt the cold meaning. Recently, although the Russian government moves intervention, exchange rate fluctuations. But this is only a temporary move, the fundamental problems and not resolved. As the western countries on Russia's escalating sanctions, the influence of Russia's economy was still appears. According to the British Financial Times reported in December 17th, American President Obama will sign a bill, approved new sanctions against russia.