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The Russian invasion of Ukraine affects Nepal’s exports to Europe, the Americas

File: Handicrafts are one of the major exports of Nepal.

Kathmandu, May 6

The Russian invasion of Ukraine has affected Nepal’s exports to Europe and the Americas, complain the traders.

It has already been two months since the orders from European and Asian countries have been affected as they have been hit hard by the war, informs Durga Bikram Thapa, a vice-president of the Federation of Export Entrepreneurs Nepal.

Naresh Lal Shrestha, the first vice-president of the Export Council of Nepal, says the export industries that were severely troubled by the Covid pandemic are receiving another blow.

Shrestha says the export has been affected by 25 to 50 per cent by the crisis. “Our European purchasers are worried about how long the war will continue.”

Nepal exports garments, pashmina, felt, handicrafts, and woodcrafts worth Rs 50 billion every year, according to traders.

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