In this article we are listing the history of exports and imports of the Russian Federation with countries that are already applying trade sanctions and embargoes against her. Countries and Markets are being affected by trade sanctions and this is expected to have further effects in the coming months.<\/p>\n\n\n\n
On February 24, 2022, shortly after the start of Russia’s aggression against Ukraine, the European Council held a special meeting, in which economic sanctions against Russia were imposed. The list of sanctions begins with the financial sector; energy and transport; exports etc. On March 2, the Council escalated measures by banning seven Russian banks from the SWIFT System for International Banking Transactions. The EU had imposed sanctions on Russia since early 2014 and onwards, due to Russia’s annexation of Crimea and Sevastopol.<\/p>\n\n\n\n
In addition to Council of Europe member states, other countries have joined the Sanctions, just as we\u2019ve had countries hesitant in sanctioning and raising embargoes on Russia.<\/p>\n\n\n\n
Meanwhile, Russia, in response to such positioning, announced and published a list of unfriendly countries, against which sanctions and bans on trade exchanges for a group of products were imposed in return.<\/p>\n\n\n\n
The Open Data Albania team has compiled a list of countries already applying unilateral or mutual trade sanctions with Russia, and ranked them based on share each of these countries bears in Russian Federations\u2019 foreign trade, specifically in Exports and Imports.<\/p>\n\n\n\n