Suppliers from the PRC have begun suspending sales on Russian online platforms because of the sharp fall in the ruble exchange rate. The decrease of ruble has led to the increase of prices for Russian customers and has lowered the profits of exporters from the PRC.
The largest trading partner of the Russian Federation supplies it with products worth $10-11 billion monthly. Most goods on the Yandex Market, Wildberries, and Ozon platforms are sold by the PRC. However, the sharp devaluation of ruble and fluctuations of this currency have resulted in significant losses for sellers, forcing companies to cease exports since the beginning of November.
