At the end of December 2022, Russia’s export and import volumes decreased almost simultaneously. Compared to the last month of last year, these figures decreased by 16% and 13%, respectively. informs The newspaper “Kommersant”, which refers to the data of the “mirror” foreign trade statistics of 46 countries, which are the main trading partners of the Russian Federation.
In December 2022, Russia’s annual exports decreased by 16% for the second month in a row ($37 billion for example) <….> In the same period, imports decreased by 13% ($23 billion) year-on-year,” says the material.
For comparison, Russia’s exports and imports fell 8% and 10% respectively in November last year. Thus, the rate of decrease in exports of goods from the Russian Federation doubled in December. At the same time, it is stated that the volume of machinery and equipment imports to the country decreased by 23 percent as of the end of the year.
16 February European Commissioner for Energy Kadri Simson statedRecently, the European Union (EU) countries have completely stopped the purchase of Russian coal. At the same time, the volume of oil imports from the Russian Federation decreased by 90%. One of the main reasons for this was the European embargo on the import of such raw materials and petroleum products transported by sea from Russia.