Sanctions impact cruise line industry

The impact of Russia’s invasion of Ukraine inevitably impacted the cruise line industry, with all major cruise companies rapidly seeing the adverse effects of both the conflict and the resulting sanctions.
Within the first two weeks of the invasion, Norwegian Cruise Line Holdings, Royal Caribbean, and Carnival Corporation all saw noticeable losses in their stock prices.
Carnival Corporation saw its share price slope downwards to $15.53 on March 7, the lowest point since April 3, 2020….. Read More On: Cyprus Mail