Alexander Kolyandr

Clues from Russian Views

The Rise of Russia’s Foreign Trade Middlemen

Alexandra Prokopenko, Alexander Kolyandr November 02, 2024 Partner Posts
Up to 80% of Russia’s cross-border payments now rely on costly middlemen as financial sanctions cripple traditional banking channels. While this workaround keeps trade moving, it raises costs for businesses and consumers, highlighting the sanctions’ slow but effective impact on Russia’s economy.