According to a Sept. 7 report of the Kiel Institute for the World Economy’s “Kiel Trade Indicator,” Russia’s goods trade is recovering to the volume levels prior to the war sanctions put on Russia by the United States and “Global NATO” from February 2022 onward. The report says: “Activity in Russia’s ports is surprisingly high. For the first time since the outbreak of the Ukraine war, the volume of goods unloaded at Russia’s three largest container ports, St. Petersburg, Vladivostok, and Novorossiysk, is approaching the levels seen at the outbreak of the war.
“In particular, arrivals at Russia’s most important container port, St. Petersburg, had slumped by 90% in the meantime and then jumped in recent weeks. ‘Where the goods are coming from is not clear from the container ship movements, but Russia seems to be rejoining the world trade. This occurs despite sanctions imposed by Western nations and the falling value of the ruble, which is disappointing,’” the report quotes co-author Vincent Stamer, head of Kiel Trade Indicator, as saying.
