Despite sweeping sanctions by the G7, Russia's trade is nearing prewar levels as it evades restrictions and establishes new supply chains.
Russia's three largest ports, St. Petersburg, Vladivostok, and Novorossiisk, are seeing trade volumes approach pre-Ukraine war levels.
"Activity in Russia's ports is surprisingly high. For the first time since the outbreak of the Ukraine war, the volume of goods unloaded at Russia's three largest container ports, St.
Moscow has rerouted Western goods through third countries such as Turkey and Kazakhstan, data shows, and Russia's economy is now forcast to grow more than 2 percent this year. Russia has been splurging on the military, causing a large budget deficit, as its nearly 19-month invasion of Ukraine falters. The massive government spending has been a boon for Russian workers, who have seen their household income jump, giving them the financial means to buy greater amounts of foreign goods.
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