Are Belgian and Russian relations cooling down?

The financial crisis is a global one!

Belgian exporters report that, as times are getting tougher, their relationship with Russian importers, usually a very close one (a Belgian exporter admits to doing more than 80% of their transactions with Eastern Europe, and especially Russia) is getting very complicated!

As reported by our Fructidor representative currently in Turkey, the Russian demand for fruit and vegetables is ever-increasing, but due to financial hard times and cashflow problems in Russia, the bills seem to take a little longer than usual to be paid.

Behind closed doors, the sales director of a major Belgian apple and pear exporter admitted that he hopes only one thing: that Russian banks will keep insuring their importers throughout this crisis, or the outcome may be disastrous!