The authors linked this development to a drop in production and to Russia's disruption of Black Sea shipping lanes, which have traditionally been Ukraine's key export routes.
"Sanctions slow the economy, (they) never stop it," said Hamam Buamim, chair of the Dubai Multi Commodities Center. "Trade continues flowing, it just flows in a different way."
India's imports of Russian oil rose to a nine-month high after shipments from non-sanctioned tankers of the Russian Sovcomflot company resumed, Reuters reported on May 21, citing data from shipping and trade sources.
Losses caused by the Polish blockade of the Ukrainian border amounted to $500 million in lost imports and $160 million in exports in its first month, the National Bank of Ukraine said on May 14.
Ukraine and the United Arab Emirates have finalized a bilateral trade agreement that lays the foundation for deepening investment and trade between the two countries, Ukraine's Economy Ministry announced on April 29.
Turkey is in talks with ExxonMobil to secure a long-term liquified natural gas (LNG) deal worth billions of dollars, aiming to diversify its energy sources, says Turkish Energy Minister Alparslan Bayraktar. The potential agreement could provide up to 2.5 million tons of LNG annually for 10 years.
Ukraine's parliament, the Verkhovna Rada, ratified on April 10 the updated free trade agreement between Canada and Ukraine, lawmaker Yaroslav Zhelezniak said.
According to Infrastructure Minister Oleksandr Kubrakov, Ukraine's corridor has already facilitated shipments of more goods than the Black Sea Grain Initiative, brokered by Turkey and the U.N. in July 2022.
The Japanese government announced on April 5 its decision to ban exports of 164 goods to Russia, namely automobile engine oil and optical equipment, the Jiji Press news agency reported.
Bilateral trade between Russia and Armenia has flourished since 2022, providing ground for the accusations of alleged sanctions circumvention, media outlet Euroactiv reported on March 28.
Polish protesters have temporarily suspended the blockade of the Uhryniv-Dolhobychuv crossing on the Polish-Ukrainian border in both directions, Ukraine's State Border Guard Service said on March 28, citing information from the Polish side.
In the document published following the talks, the parties "confirmed their readiness to conclude an Agreement on providing control at joint border checkpoints and cooperation of control bodies" and, once approved by the European Commission, "to launch logistical data exchange at selected road border crossing points."
EU ambassadors "agreed on a new compromise" regarding the extension of the trade agreement with Ukraine, ensuring a "balanced approach between support for Ukraine and protection of EU agricultural markets," the Belgian presidency of the EU Council announced on March 27.
U.K. Defense Secretary Grant Shapps urged Europe not to restrict imports from Ukraine, pointing out London's decision to extend tariff-free and quota-free imports from Ukraine for most goods for another five years.
Polish protesters resumed blocking cargo vehicles at the Korczowa-Krakovets border crossing with Ukraine at 11 a.m. on March 13 after suspending the protests there on March 9, Ukraine's Customs Service said.
The parliament's amendments are meant to reinforce "safeguards for EU farmers in case of a surge in Ukrainian products." The changes were backed by 347 members of the parliament (MEP), with 117 voting against it and 99 abstaining.
Chinese Foreign Minister Wang Yi praised the strengthening of relations between Beijing and Russia, and claimed that China is a "force for peace" and stability during a press conference on March 7.
The United Kingdom will provide an additional $1.3 billion (£1 billion) of export loan financing to projects in Ukraine, President Volodymyr Zelensky announced over Twitter on Dec. 8. The money, which will be disbursed through the UK Export Finance agency (UKEF), will be assigned in addition to the $3.
