Russian trade with West forecast to plunge ...News

Sanctions have pushed Moscow towards expanding cooperation with Asia and the Middle East Russia’s trade with ‘unfriendly’ countries has dropped threefold since 2021 and is on course for a further decline, according to a report from the Russian Center for Strategic Research (CSR) published on Saturday. The term ‘unfriendly’ refers to Western countries and their allies that placed sanctions on Moscow in connection with the Ukraine conflict. While at the end of 2021, Russian exports to these countries amounted to 55% and imports made up some 26% of its total trade, by the end of this year both indicators are expected

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