Sanctions against Russia: How Putin circumnavigates the EU's thumbscrews
Created: 06/23/2022, 17:42
By: Lucas Maier
The EU has imposed sanctions on Russia since the escalation in Ukraine.
But Moscow knows how to deal with it.
Moscow - Whether oil, petrol or caviar: the EU has imposed sanctions on most goods from Russia.
Even if the sanctions against Vladimir Putin's export and import projects are immense, there will always be ways and means to circumvent or at least weaken them.
It was only on June 22 that Putin announced that he would be redirecting the trade to "reliable international partners," according to the TV station
CNN
.
The partners include India, Brazil, China and South Africa.
With easy access to the EU market, Turkey is also an important economic ally of Russia.
Moscow justified the step by saying that the West was in the process of cutting economic relations.
Sanctions against Russia: Exports to Asia soar
Almost four months after the escalation in the Ukraine war, exports of Russian crude oil to India have risen by 658 percent,
Euronews
reports.
China purchases about twice as much as it did before the war, and if you take the entire Asian continent, the amount has even tripled.
Oil from Russia
Income:
In May 2022, Russia generated around 20 billion dollars from the sale of oil, which is 1.7 billion more than in April 2022.
China:
The Middle Kingdom has roughly doubled its oil imports from Russia.
Asia:
The entire continent gets about three times as much oil from Russia as it did before the war in Ukraine.
India:
The import of oil from Russia increased here by 658 percent compared to the previous year.
The average value between March and May is used as a reference.
Source:
Euronews
Not only the exports are elementary for Russia, but also the imports, especially of semiconductor technology, are necessary to keep production in the country going.
This could, for example, take place via the Eurasian Economic Union, in addition to "normal" trade as well as trade.
Trade in sanctioned goods is not unlikely, as
Politico
writes with reference to intelligence circles.
The economic union includes:
Kazakhstan
Russia
Belarus
Armenia
Kyrgyzstan
Source:
Politico
EU vs. Russia: This is how Putin circumvents the sanctions
On June 3, the EU agreed to sanction oil supplies from Russia.
But these can also be circumvented in a very practical way.
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One trick, for example, is to transfer the oil from a Russian tanker to a ship from another country in international waters.
The Russian oil then arrives in the ports of the world undeclared.
Another "common trick," according to Politico, is for ships to turn off their geotrackers.
This makes it difficult to trace where the delivery originally came from.
(Lucas Maier)
