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EU exports to Russia fell by 47% due to the war in Ukraine

Perild by Perild
January 31, 2023
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EU exports to Russia fell by 47% due to the war in Ukraine
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EU exports to Russia fell by 47% due to the war in Ukraine

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During the year, the volume of EU exports to Russia fell by almost half

At the same time, a significant part of the goods arriving in the CIS countries from the EU is redirected to Russia.

After Russia’s invasion of Ukraine, the volume of EU exports to Russia fell by almost half. At the same time, European exports to the CIS countries increased by approximately the same volume – by 48 percent. This was reported by Euromonitor International and RBC, citing data from the European statistical office Eurostat, writes DW.

As follows from the above data, after Russia’s invasion of Ukraine, the EU exported goods to the Russian Federation for 36.3 billion euros (compared to 69.2 billion a year earlier). During the same time, the CIS countries – Armenia, Belarus, Georgia, Kazakhstan, Kyrgyzstan and Uzbekistan received goods from the European Union for 20.3 billion euros (compared to 13.7 billion a year ago). At the same time, exports from these CIS countries to Russia also increased – by almost 40 percent, or by 9.4 billion euros.

Vaidotas Zemlis-Balevichius, head of the data research department at Euromonitor International, believes that a significant part of the goods arriving in the CIS countries from the EU is redirected to Russia. After analyzing Eurostat data, he found more than a hundred possible “sanction anomalies” (exports that have grown at least twice since the start of the war, despite the sanctions imposed on Russia). Among such anomalies are the deliveries 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 last year, Kazakhstan sharply increased the export of smartphones to Russia – more than two thousand times in dollar terms, according to official statistics from Kazakhstan.

Greece, Cyprus, the Czech Republic and Estonia increased the supply of sanctioned goods to countries neighboring Russia by 3-5.5 times, Zemlis-Balevichus calculated. Exports of other countries grew less significantly, only Sweden and Malta did not increase deliveries to the CIS.

Recall, earlier it was reported that the Russian Federation last year significantly increased the import of chips and thereby exceeded the pre-war figures.

Japan banned the export of technological equipment to the Russian Federation. The banned list includes 3D printers and quantum computing equipment, including quantum computers.


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