
So far it has been uncertain whether the severe Euro-crisis in Cyprus would affect Danish companies, but now the first major corporation has reported issues – not due to Cypriot customers, but because Russian customers cannot make payments, leading to a significant dip in activity.
The blocking of accounts – many of which are Russian – on the island has frozen so many liquid assets that the shipping company DFDS has seen a decrease in Russian activity of a staggering 20 percent. According to the shipping company, the crisis in Cyprus is the only possible explanation. This morning DFDS received new numbers confirming the heavy dip and customers have explained that missing payments through Cyprus is one of the factors causing it.
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