Trade between the EU and Russia falls to a 25-year low, though Slovakia is buying more Russian goods. Russia continues to lose economic ties with its once-largest trading partner, the EU, and according to August’s results, deliveries of goods to Russia from European countries decreased by 18% compared... #EUmarket #Germany #RussianEconomy #RussianTrade #Slovakia
Will the FATF decision destroy the aggressor country’s economy? The Financial Action Task Force (FATF) will decide on October 22 whether to add Russia to its blacklist. Publicly, the FATF has stated that it considers Russia’s aggression unacceptable, but in ... #FATF #RussianEconomy #RussianTrade #SanctionsAgainstRussia
Because of sanctions, Russia and China are returning to barter exchange of goods for the first time in 30 years. Russia and China are discussing barter trade agreements that will help bypass the US-controlled SWIFT international banking system and limit currency risks; the first such transaction could take place... #BarterAgreements #China #RussianTrade #SanctionsAgainstRussia #SWIFT
Europe has ended its dependence on Russian gas but is now hooked on Russian fertilizers. After the invasion of Ukraine, the Russian Federation sharply reduced the supply of pipeline gas to the EU, in an attempt to put pressure on European governments. Instead, the EU began to build infras... #EnergyIndependence #EUenergy #LNG #RussianFertilizers #RussianGas #RussianTrade
The US is considering a ban on Russian uranium but has temporarily allowed settlements in the energy sector with Russian banks. The Biden administration is considering banning the import of enriched uranium from Russia. Bloomberg writes that negotiations are ongoing, but no decisions have been made yet. Data from the US Depart... #G7 #RussianEnergyResources #RussianTrade #RussianUranium #SanctionsAgainstRussia
The EU plans to ban the import of Russian agricultural products. The EC is currently assessing the possibility and impact of blocking the import of farm products from the Russian Federation, the executive vice-president of the EC, Valdis Dombrovskis, said. He added... #AgroExportRussia #AgroRussia #RussianTrade #SanctionsAgainstRussia #ValdisDombrovskis
Brussels demands that the EU member states work urgently to stop the illegal flow of goods to Russia. In a letter sent to the EU’s capitals, the EC warned there was a need for “immediate, concerted, and decisive action from all of us.” Although the sanctions are agreed upon at the EU level... #circumventionOfSanctions #DualUseGoods #ReExportWeapons #RussianTrade #SanctionsAgainstRussia
Russian exports to the EU decreased by $70B in the first half of the year. The largest drop was recorded in the hydrocarbons segment, particularly gas, crude oil, and petroleum products, which amounts to about $63B. The situation is worse with semi-finished products made of ... #Russiaexport #Russiandiamonds #RussianGas #RussianTrade #SanctionsAgainstRussia
Some EU states want to soften the EC’s proposals for combating the circumvention of sanctions on Russia. The European Commission has proposed banning importers from reselling high-priority goods (such as semiconductors used to make weapons) to Russia and requiring a certain amount on deposit in a designa... #circumventionOfSanctions #ElectronicsExport #RussianTrade #SanctionsAgainstRussia
Trade volumes in Russia have returned to the pre-war level. As the EP writes, Western sanctions have not caused significant damage to Russian trade. The indicators for exports and imports by the Russian Federation returned to the 2021 level. In 2022, prior to ... #Russiaexport #RussiaImport #RussianEconomy #RussianTrade #SanctionsAgainstRussia
