Crisis in Ukraine: Amritsar traders ask for government help

Shaken by the impact of the ongoing war between Russia and Ukraine on the economy and trade, traders in Amritsar on Sunday appealed for government assistance to overcome their losses.

Shaken by the impact of the ongoing war between Russia and Ukraine on the economy and trade, Amritsar-based traders on Sunday appealed for government assistance to overcome their losses.

The Annual General Meeting of the Amritsar Distributors Association was held here, where their President Anil Kapoor and President Hira Lal Gambhir demanded interest-free financial assistance to businessmen in this financial crisis.

Kapoor claimed that the ongoing war between Russia and Ukraine has led to an increase in the prices of petroleum products and that every product has fallen into the grip of inflation.

Kapoor said that previously due to the pandemic and now due to rising prices of petroleum products, the condition of traders was deteriorating. Due to the increase in commodity prices, the purchasing power of the people has been affected, and the stocks of goods are increasing in warehouses. The drop in sales has also led to payment delays and as a result, distributors are headed for a financial crisis, he said.

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