India’s exports to Russia are costing businesses a fortune ...Middle East

India’s trade ties with its long-time ally Russia have deepened since the Ukraine war began. So have complications due to logistical disruptions.Western sanctions on Russia have resulted in a surge in crude oil prices and this, combined with an existing shortage of vessels, has made shipping more expensive.Ships carrying around 3,000 containers from India to Russia are now stuck across ports in Europe and West Asia, the Mint newspaper has reported. Some shipping companies are charging the exporters extra for the return of undelivered containers.Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.

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