Global exports to Russia fell sharply after the Ukraine invasion, not only from Western countries that enacted sanctions but also from non-sanctioning countries including China, a new analysis shows.
The study suggests Moscow is struggling to find suppliers for a range of goods.
Over roughly two months after the invasion began Feb. 24, exports to Russia from sanctioning countries fell by about 60 percent while exports from non-sanctioning countries fell by about 40 percent, according to the study from the Peterson Institute for International Economics, which analyzed data from 54 countries.
The available data ends on April 30, so the analysis doesn’t give a picture up to the current day, Martin Chorzempa, senior fellow and author of the study, said in an interview. But a separate analysis of China-only data through the end of May shows that China’s exports to Russia remained well below prewar levels, suggesting that Beijing is wary of helping Moscow, Chorzempa said.
from WordPress https://ift.tt/baRht7F
via IFTTT
No comments:
Post a Comment