Russia-Ukraine crisis: FM Sitharaman worried over impact on exporters

The finance minister also raised concerns over the impact on the farm sector as it also forms a considerable share of exports to Russia and Ukraine

Finance Minister Nirmala Sitharaman on Monday expressed concern over the future of exporters owing to the Ukraine crisis as this is set to jack up international freight rates and crude prices further.

She also asked the Indian industry — engaged in the war-torn region — to come up with suggestions to tide over the crisis.

“I am more worried about what’s going to happen to our exporters, who are doing very well,” she said while addressing the industry in a post-Budget interaction in Chennai on Monday. She also expressed worry about essentials like sunflower and fertilisers for which the country is dependent