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Western Trade With Russia’s Neighbors May Show Dodged Sanctions, EBRD Says

  • US, EU exports to Russia drop as trade with neighbors booms
  • Data raises questions over loopholes in sanctions regimes

Booming trade flows with Russia’s neighbors may be a sign that sanctions imposed in the wake of Vladimir Putin’s war on Ukraine are being avoided, according to the European Bank for Reconstruction and Development.

The US and the European Union have slapped trade limits on nearly every sector of the Russian economy, blocking it from imports f everything from luxury goods to computer chips and raw materials that can be used to build weapons and fuel President Vladimir Putin’s war machine.