"Friendly" nations have halted vegetable and fruit shipments to Russia due to the ruble's collapse.

Suppliers of fruits and vegetables from countries that Moscow refers to as "friendly" have canceled a number of export contracts to Russia due to the sharp decline in the ruble's exchange rate.

This was reported by the industry publication EastFruit, citing sources in the market, as referenced by moscowtimes.eu.

It is noted that some export agreements have been canceled by Turkey, Egypt, and Iran. Companies from these countries are demanding a review of prices to account for the increase in currency risks.

Since the beginning of November, the ruble has lost more than 10% against the dollar and euro amid tightening American financial sanctions that have impacted 50 Russian banks, including the key Gazprombank.

On Wednesday, November 27, the ruble's exchange rate fell to 114 rubles per 1 US dollar, and 120 rubles per 1 euro for the first time since March 2022.

On the Moscow Exchange, where trading in dollars and euros has been suspended due to sanctions, the yuan sharply appreciated: its rate reached 15.2 rubles, also a record high in a year and a half.

Since the beginning of August, the ruble has depreciated by 25%, fueling inflation in imported goods. Vegetable and fruit sellers, who mainly import during the winter, have already begun to hold back their products, anticipating that prices will rise, reports EastFruit.