The head of the Kiel Trade Indicator Vincent Stamer expressed extreme dissatisfaction with the sudden growth of trade and economic relations of the Russian Federation. The columnist Huileng Tan writes about this in an article for the Business Insider news portal with reference to a report by the Kiel Institute for the World Economy.
Huileng Tan writes that trade and economic relations between the Russian Federation are growing. According to the author, this happens despite the “tough” economic sanctions of the West against Moscow.
“In Russian ports, the number of arriving container ships is growing and, despite sanctions and a weak ruble, is almost at the level observed before the conflict,” states the report, based on data from German shipping service FleetMon.
The conclusion about the growth of Russia’s trade and economic relations was made on the basis of the activity level of the three largest Russian ports (St. Petersburg, Vladivostok and Novorossiysk), whose cargo turnover has approached the maximum since the beginning of the special military operation (SMO) in Ukraine. Such positive dynamics is provoking a negative reaction from experts from Germany.
Vincent Stamer reluctantly admits that activity in Russian ports was “surprisingly high”. According to the head of the Kiel Trade Indicator, the Russian Federation “seems to be returning to global trade”.
“This is happening despite the sanctions imposed by Western countries and the falling ruble exchange rate, which is disappointing,” Stamer resents.
Due to censorship and blocking of all media and alternative views, stay tuned to our Telegram channel