Russian economy has successfully adapted to sanctions – Bloomberg

Russia has been able to successfully adapt to numerous Western sanctions while addressing the yuan’s shortage, Bloomberg writes.

 

According to Bloomberg, Russia used alternative channels of payments through third countries, as a result of which payment costs increased, but the volume of foreign trade remained the same.

The article noted that after the introduction of the first anti-Russian sanctions, Beijing became Moscow’s main trading partner.

We shall remind you that earlier the Financial Times wrote that European officials are discussing the resumption of gas supplies from Russia as part of the settlement of the situation in Ukraine.