: :inin Kyiv (EET)

The Impact of EU’s Trade Sanctions Against Russia on Western Countries Exports


Abstract
EU’s trade sanctions against Russia came into force 1.8.2014. Sanctioned products were exported to Russia at a value of 22 billion euros during the time period 2001–2017. The most important exporting countries were Ukraine, China, South Korea, Germany and the United States. Exports of banned products from a country to Russia may be very high in some years and very small in other years. Some products have been exported even during the years 2015–2017 at a value of 2,2 billion euros because export contracts which were made before 1.8.2014 are still in force and the ban on exports of sensitive …read more

Source:: ETLA

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