Abstract

Currently, Russia holds the top position globally in terms of the number of sanctions imposed on the country. Over the past two years, the increasing number of restrictions imposed by Western countries has been aimed at isolating the Russian economy from global markets, with the intention of ending the war by causing economic hardship. Immediately after the start of the war, the country's authorities ceased regular publication of foreign trade statistics to avoid inaccurate assessments and speculation. The paper , attempted to analyze Russia's foreign trade activity over the past two years using mirror data from partner countries, as well as aggregated official statistics from the Russian Federation. Due to the sanctions, the Russian economy experienced notable declines, especially following the embargo placed on crude oil and petroleum products in 2023. Yet, they are far from the expectations of Western countries. On the one hand, Russian companies find ways to circumvent the sanctions, on the other hand, trade also shifts towards markets of "friendly" countries.

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