MOSCOW, Nov 26 (Reuters) - High interest rates in Russia are making export contracts unprofitable, Sergei Chemezov, the head of Russian state industrial conglomerate Rostec, said on Tuesday, warning of production slowdowns and bankruptcy risks.

Chemezov said that exports for products with a long production period in areas like aviation, air defence and shipbuilding may have to be stopped.

  • @Valmond
    link
    64 days ago

    High interest rates, and a ruble plummeting!

    Worst time for exports.

    … so far…