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Russia Export Data

Russia Bans Exports of Cars and Auto Parts in Response to Sanctions

In response to sanctions imposed on Russia against its invasion of Ukraine, Russia has decided to put a ban on exports of cars and auto parts and 200 other commodities. The conflict continues to impact the auto industry, not only in Russia but across the world. The decision will further worsen the ongoing semiconductor crisis being faced by auto manufacturers in the coming days. Here is a glimpse of Russia’s cars and auto parts exports in 2021.
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Global Trade Data

US, UK, EU & G7 Nations Sanctions on Russia over Invasion of Ukraine

The United States, the United Kingdom, and the European Union have put sanctions on Russia and banned Russian goods imports amid the Russian invasion of Ukraine. G7 nations including the U.S. have planned to revoke Russia’s status as a “most favored nation.” These regions are the largest export destinations of Russia. The ban on Russian goods will absolutely impact the trade and economy of Russia.
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Germany Import Data

Germany Tightening Belts To Shed Off Russian Energy Imports

Russia-Ukraine war is pulling in many countries together to support Ukraine in defending itself and stop Russia in its invasion of Ukraine. The Western nations, mainly the US, UK, and EU have also put sanctions on Russia, while other countries are joining in to despise Russia. Among the European Union and its member states, Germany is the high potential import market for Russia, which account for a significant contribution of Russia’s oil and coal.
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Global Trade Data

Russia-Ukraine War – Surging Oil Prices Impact Inflation across Asia

Crude oil’s relentless surge due to Russia’s invasion of Ukraine threatens to stoke inflation across Asia. The rising inflation rates are forcing central banks to decide whether to create a tighter policy against higher prices or hold off amid the blow of economic growth. As a net importer of energy goods, Asia is vulnerable to the surge in oil prices triggered by the ongoing Russia-Ukraine war.
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