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182 new news items in the last 24 hours
15 September 09:18

Russia has begun to use barter in foreign trade again to circumvent Western sanctions.

Sanziana Georgescu
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International
sursa foto: unsplash.com
In the context of the sanctions imposed by the West, Russia is resuming trade barter, a practice from the '90s, to facilitate external exchanges. Russian companies are exchanging goods such as wheat and flax seeds for cars and construction materials from China. The Russian Ministry of Economy has issued a guide for barter transactions, suggesting the creation of a trading platform. Although the exact volume of these transactions remains unclear, barter is becoming an increasingly common solution to avoid sanctions, especially after the disconnection of Russian banks from the SWIFT system.

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