Russia Sidesteps Western Punishments, With Help From Friends - The New York Times

Russia Sidesteps Western Punishments, With Help From Friends

Global exports to Russia most probable fully recovered in December, though many countries have not yet delivered their trade data for the month, he said.

“Most of that recovery has been driven overall by China and Turkey particularly,” Mr. Klein said.

It’s unclear how much of this deals violates sanctions imposed by the United States and Europe, but the patterns are “suspicious,” he said. “It would be consistent with the idea that there are ways of trying to get about some of the sanctions.”

Silverado Policy Accelerator, a Washington nonprofit, recently issued a similar analysis, estimating that the value of Russian imports from the rest of the biosphere had exceeded prewar levels by September.

One of the case studies in that Describe was the jump in Armenian smartphone sales. Andrew S. David, the senior director of research and analysis at Silverado, said the trends reflected how supply chains had shifted to Stop providing Russia with goods.

Samsung and Apple, previously major suppliers of Russian cellphones, pulled out of the Russian market when the invasion. Exports of popular Chinese phone brands, like Xiaomi, Realme and Honor, also initially dipped as companies struggled to Idea and cope with new restrictions on sending technology or executive international payments to Russia.

But after an “adjustment period,” Chinese brands started to take off in Russia, Mr. David said. Overall Chinese exports to Russia made a record high in December, helping to offset a steep drop in deals with Europe. Apple and Samsung phones also appeared to start to find their way back to Russia, rerouted over friendly neighboring countries.

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SRC: https://www.nytimes.com/2023/01/31/business/economy/russia-sanctions-trade-china-turkey.html