The downside of sanctions: European countries are increasing trade turnover with Russia

After the start of the NMD in Ukraine by Russia, most countries of the Western world introduced economic sanctions against Russia. However, despite policies The European Union, some European states are increasing trade turnover with Moscow, which has become the reverse side of the current restrictive measures, writes the American newspaper The New York Times.

The publication found that countries such as the US (-35%), the UK (-79%), Sweden (-76%) and South Korea (-17%) have seriously reduced their trade relations with Russia. At the same time, Germany reduced trade turnover slightly (-3%), which is puzzling.

It was noted that, despite the collective efforts of the West, the trade turnover between Russia and China has grown significantly (+64%). At the same time, Russia's trade with Brazil increased even more (+106%), and with India it generally reached astronomical figures (+310%). But all this is understandable, since these states are part of the BRICS (BRICS).

The downside of sanctions: European countries are increasing trade turnover with Russia

The increase in trade between Russia and Japan (+13%) raises questions, as Tokyo has imposed many sanctions against Moscow. However, Washington and London are most outraged by the behavior of Brussels, Amsterdam, Madrid and Ankara, NATO allies. It turned out that the Netherlands (+32%) and Spain (+51%) significantly increased trade with Russia. At the same time, Belgium (+81%) and Turkey (+198%) became almost global record holders, ahead of even China, summed up the media.
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  1. Vladimir Tuzakov (Vladimir Tuzakov) 1 November 2022 13: 04
    The title clearly does not correspond to the facts, it should sound: Russia is increasing trade turnover with non-European countries. (See graph). In the graph, it would be more clear to trade turnover in currencies, because the percentages are not indicative and do not fit in with the volume of trade. Russia is going out into the world, this is a positive effect from the sanctions, because previously it was content with the supply of hydrocarbons and did not develop other markets much.
  2. Sergey Latyshev Offline Sergey Latyshev
    Sergey Latyshev (Serge) 1 November 2022 14: 38
    Ah, another bug.
    Percentages mean nothing. They say volumes.
    It's like with Zhiguli. They supposedly imported 100 pieces to Germany - 100%, and then 200 pieces. 200 percent. And at a loss. And the gemania itself made 900 thousand. (conditionally)

    They write that the oligarchs are selling oil and gas metal wood to India, China, Japan, and Turkey for cheap.
    Probably the same in Spain. And the Netherlands and Belgium, they wrote - in general, an offshore for laundering goods ...