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Grimaldi: Russian crisis calls for acute reaction

When the crisis between Russian and the Western world broke out at the end of 2013, the RoPax and RoRo carrier Finnlines took certain precautions, says CEO, Emanuele Grimaldi to ShippingWatch. Read what precautions here.

Photo: Finnlines

The Russian market is important for the Finnish RoPax and RoRo carrier Finnlines, which has a number of services in the Baltic Sea and the North Sea.

This is why, it did not take long for the carrier to perceive the extensive consequences of Russia's annexation of the Ukrainian peninsula Crimea at the end of 2013, says the CEO of the carrier, Emanuele Grimaldi in an interview with ShippingWatch, regarding the development in the Russian economy and not least the country's import volumes which in January, fell by a solid 40 percent. Nordea Markets expects a total decline in Russia's import around the size of 40-50 percent in 2015.

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