The Russian embargo may cause chain debts in the Hungarian food industry

The Hungarian food companies are already vulnerable, because of the significant black economy. The Russian embargo imposed on EU foods will cause further difficulties.

Due to the Russian embargo chain debts may develop in the food sector – the Atradius Credit Insurer warns. According to the Atradius the fact that the Russian customers are seeking for new suppliers, mainly from South America may cause problems in medium and long terms, so the Hungarian companies may face with total market losses.