Sunday , 25 September 2022

Russia’s Main Imports Being Adversely Affected

With more and more companies are cutting ties with Russia or suspending their operations in the country, here’s a look at the country’s imports.

Infographic - Russia's Main Imports
The above version of the original article by Felix Richter (statista.com) was edited [ ] and abridged (…) to provide you with a faster and easier read. Also note that this complete paragraph must be included in any re-posting to avoid copyright infringement.

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Related Article on Ukraine From the munKNEE Vault:

1. Which Trade Sanctions Would Hit the Russian Economy the Hardest?

 

 According to calculations by the Kiel Institute, sanctions against the following sectors would most adversely affect Russia’s GDP:

 

Russia’s invasion of Ukraine is an effort by a relatively small country trying to use military action and threats, backed up by a nuclear arsenal, that can in no way compare in terms of resources to those it is threatening and, as such, the combined impacts of the imposed sanctions on its small economy will likely be significant and widely felt.

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5. Would Major Sanctions Against Russia Hasten End of USD As World’s Reserve Currency?

Russia is a huge supplier of oil and gas — traded in US dollars — which gives it both leverage over near-term energy flows and, far more ominous for the U.S., the ability to threaten the dollar’s reign as the world’s reserve currency – and it’s taking some big, active steps towards that goal.

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