THE POSITIVE EFFECT OF RUSSIAN SANCTIONS

Trade between Russia and the European Union started to improve in early 2017 despite trade barriers from mutual sanctions introduced almost five years ago. In the first three quarters of 2018, trade turnover between Russia and the EU increased by 21.5 percent compared to the same period of the previous year. Russian exports to the EU countries increased by almost 30 percent while imports are up by 7.4 percent. The trade volume has already exceeded 2014 figures when Western anti-Russia sanctions were introduced.