Port News & Information Mediterranean, Black & Caspian Seas

Sanctions slash the value of Russia’s exports by 33%

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Moscow, Russia (Ports Europe) July 31, 2023 – The value of Russian export decreased by 33% in Q2’23 compared to the same period last year and by 12% compared to Q2’21, the country’s Central Bank said. The contraction was due to a decrease in the physical volume of supplies caused by Western sanctions. The collapse…

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