Third countries charge price premiums of more than 60% for exporting certain sanctioned goods to Russia, analysts show.
International sanctions against the Russian Federation are disrupting the supply of key resources for Russia’s defense industry, affecting Russian arms production. It is stated in report UK Ministry of Defense, published on the social network X on Monday, April 1.
Russia’s isolation limits the number of countries with which it can trade directly, which can increase the time and cost of obtaining goods.
Research data from the Bank of Finland’s Institute for Emerging Economies shows that third countries charge price premiums of more than 60% for exporting certain sanctioned products to Russia.
Analysts believe the sanctions could continue to disrupt both the demand and supply of Russian arms exports, and also complicate payment mechanisms to Russia. In their opinion, this has led to a significant reduction in Russian arms exports and increased delays in deliveries.
In their report, the analysts cited figures from the Stockholm International Peace Research Institute that Russia’s share of the global arms trade fell to 11% between 2019 and 2023, from 21% between 2014 and 2018. .
As we wrote earlier, foreign banks refused to cooperate with Russian Norilsk Nickel, despite the fact that this company is not directly affected by sanctions from Western countries.
Source: korrespondent
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