Europe has ended its dependence on Russian gas but is now hooked on Russian fertilizers. After the invasion of Ukraine, the Russian Federation sharply reduced the supply of pipeline gas to the EU, in an attempt to put pressure on European governments. Instead, the EU began to build infras... #EnergyIndependence #EUenergy #LNG #RussianFertilizers #RussianGas #RussianTrade
The US is considering a ban on Russian uranium but has temporarily allowed settlements in the energy sector with Russian banks. The Biden administration is considering banning the import of enriched uranium from Russia. Bloomberg writes that negotiations are ongoing, but no decisions have been made yet. Data from the US Depart... #G7 #RussianEnergyResources #RussianTrade #RussianUranium #SanctionsAgainstRussia
The EU plans to ban the import of Russian agricultural products. The EC is currently assessing the possibility and impact of blocking the import of farm products from the Russian Federation, the executive vice-president of the EC, Valdis Dombrovskis, said. He added... #AgroExportRussia #AgroRussia #RussianTrade #SanctionsAgainstRussia #ValdisDombrovskis
Brussels demands that the EU member states work urgently to stop the illegal flow of goods to Russia. In a letter sent to the EU’s capitals, the EC warned there was a need for “immediate, concerted, and decisive action from all of us.” Although the sanctions are agreed upon at the EU level... #circumventionOfSanctions #DualUseGoods #ReExportWeapons #RussianTrade #SanctionsAgainstRussia
Russian exports to the EU decreased by $70B in the first half of the year. The largest drop was recorded in the hydrocarbons segment, particularly gas, crude oil, and petroleum products, which amounts to about $63B. The situation is worse with semi-finished products made of ... #Russiaexport #Russiandiamonds #RussianGas #RussianTrade #SanctionsAgainstRussia
Some EU states want to soften the EC’s proposals for combating the circumvention of sanctions on Russia. The European Commission has proposed banning importers from reselling high-priority goods (such as semiconductors used to make weapons) to Russia and requiring a certain amount on deposit in a designa... #circumventionOfSanctions #ElectronicsExport #RussianTrade #SanctionsAgainstRussia
Trade volumes in Russia have returned to the pre-war level. As the EP writes, Western sanctions have not caused significant damage to Russian trade. The indicators for exports and imports by the Russian Federation returned to the 2021 level. In 2022, prior to ... #Russiaexport #RussiaImport #RussianEconomy #RussianTrade #SanctionsAgainstRussia