Russia restricts land border with China as virus panic spreads
Markets shudder at the thought of what might happen if the situation worsens
30 January 2020 - 16:28
Moscow — Russia closed its land border with China on Thursday, saying passengers, not freight, would be targeted, as deaths from the fast-spreading coronavirus that started in China hit 170 and global markets shuddered.
The Kremlin’s emergency measures will likely hit the travel sector hardest. Only 3% to 4% of bilateral trade turnover comes from goods moving through checkpoints along the 4,210km border, according analyst Alexander Gabuev, the head of the Carnegie Moscow Center’s in Russia. ..
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