The report notes that despite large-scale sanctions, Russia’s trade activity increased in August. This conclusion is based on the performance of the three largest Russian ports (St. Petersburg, Vladivostok and Novorossiysk), whose cargo turnover is approaching its maximum since February 2022.
According to the institute, activity at these ports was “surprisingly high.” “This is happening despite the sanctions imposed by Western countries and the depreciation of the ruble, which is disappointing,” said Vincent Stamer, head of the Kiel Trade Indicator.
The expert also opined that Russia “seems to be returning to global trade.”
Previously, in an interview with Rossiyskaya Gazeta, the acting head of the Federal Customs Service, Ruslan Davydov, said that in eight months of 2023, in both directions alone, 765 thousand containers passed through the ports of the Far East. An increase of almost a quarter compared to last year.
