Growth in Russia’s trade activity disappointed Germany 14:07

Despite the sanctions, Russia’s commercial activity on the world market has increased significantly. This caused disappointment among German experts. he is writing Business Insider.

The publication cites a report by the Kiel Institute for the World Economy. It is stated that there is an increase in the number of container ship arrivals at Russian ports.

The institute’s calculations show that in August Russia’s three largest ports – Vladivostok, Novorossiysk and St. Petersburg. It is based on the volume of goods unloaded in St. Petersburg. The institute did not provide a breakdown by container volume. However, the document was accompanied by a graph showing the annual increase in container cargo arriving from Russia’s three largest ports. Experts write that they have no idea where the goods are coming from, but trading activity is “surprisingly high” which is “disappointing”.

The report concludes: “Despite Western sanctions and the weakening of the ruble, Russia’s trade turnover is at the same level as before the start of the special operation.”

The report by the Kiel Institute of World Economy follows reports that China’s imports from Russia have increased to a record level in dollar terms. According to the PRC Customs Administration, in the January-August period this year, the total trade volume with Russia increased by 32 percent compared to the same period in 2022, reaching 155.1 billion dollars, and exports from Russia to China increased by 13.3 percent, reaching 83.3 billion dollars. rose.

former experts appreciated Benefits of countries from non-compliance with sanctions against Russia.

Source: Gazeta


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