India's First International News Journal

22.1 C
Delhi
Friday, March 24, 2023

After the start of the war, EU exports to Russia fell by 47%, to the CIS – increased by 48%

During the nine months of the Russian invasion of Ukraine, exports of goods from the European Union to Russia decreased by 47%, to the CIS countries – increased by 48% compared to the same period in 2021. This follows from Eurostat data cited by Euromonitor International and RBC.

According to the data provided, after its invasion of Ukraine, the European Union exported goods to Russia worth 36.3 billion euros (against 69.2 billion a year earlier). At the same time, the CIS countries – namely Armenia, Belarus, Georgia, Kazakhstan, Kyrgyzstan and Uzbekistan – received goods from the European Union for 20.3 billion euros (against 13.7 billion a year ago).

At the same time, exports from these CIS countries to Russia also increased – by almost 40%, or 9.4 billion euros in monetary terms, according to data collected by RBC.

Vaidotas Zemlis-Balevičius, head of the data science department at Euromonitor International, assumes that a significant portion of goods entering CIS countries from the European Union are redirected to Russia. almost the same before wrote American Silverado Center analysts.

After analyzing Eurostat data, Zemlis-Balevichius found more than a hundred possible “sanction anomalies”, i.e. large exports that have at least doubled since the start of the war. , despite the sanctions imposed on Russia because of its invasion of Ukraine. Among these anomalies are the supply of used cars from Lithuania to Belarus, smartphones and laptops from the Czech Republic to Kazakhstan, aviation kerosene from Greece to Georgia.

It is known that in the first half of 2022, Kazakhstan sharply increased its smartphone exports to Russia – more than two thousand times in dollars, according to official statistics of Kazakhstan.

Greece, Cyprus, the Czech Republic and Estonia have increased the supply of sanctioned goods to countries neighboring Russia by 3 to 5.5 times, Zemlis-Balevichius calculated. Exports from other countries increased more modestly, only Sweden and Malta did not increase their deliveries to the CIS.


For latest updates and news follow The Eastern Herald on Google News, Instagram, Facebook, and also on Twitter.
Click here to show your support.
News Room
News Room
The Eastern Herald’s Editorial Board validates, writes, and publishes the stories under this byline. That includes editorials, news stories, letters to the editor, and multimedia features on easternherald.com.

Public Reaction

FOLLOW US

SIGN UP FOR OUR NEWSLETTER

Read More

Recent