As the situation between Russia and Ukraine deteriorates and the conflict intensifies, the impact on logistics is getting bigger and bigger. A number of shipping companies, including Maersk, Mediterranean Line, CMA and Hebreot, have announced that they will not call at Ukrainian ports from today and will stop accepting new bookings to or from Ukraine until further notice. Russia has also closed its airspace over its border with Ukraine, affecting air cargo.

It is reported that China is now Ukraine's largest trading partner, and the trade volume of goods between China and Ukraine in 2021 reached a record high. Now tensions between Russia and Ukraine are escalating again, which also makes businesses engaged in China-Ukraine trade in Yiwu, Zhejiang province feel a strong "chill". Many businesses say they are getting fewer orders from Ukrainian customers.

In a joint statement, the United States, the European Commission, Germany, France, The United Kingdom, Italy and Canada decided to exclude Some Russian banks from the SWIFT payment system and impose restrictions on Russia's central bank, This means that Russian banks will not be able to communicate safely and effectively with foreign banks.