The World Trade Organization, or WTO, has upheld Russia’s “national security” justification for banning transit of Ukrainian exports through Russia to Central Asia and Mongolia. Russia imposed restrictions on the truck and train cargo in 2016. Since then, Ukraine’s trade plummeted with the “Russian-speaking world.” Concorde Capital’s Alexander Paraschiy writes of the ruling: “It will hardly have any economic implications for Ukraine. Even if the WTO experts had decided that Russia did something wrong by limiting Ukrainian transit, the Russian side would hardly have changed its behavior in the short term.”
The World Trade Organization, or WTO, has upheld Russia’s “national security” justification for banning transit of Ukrainian exports through Russia to Central Asia and Mongolia.
