Russia

The country ratching up economic sanctions in response to Russian invasion of Ukraine

New duty €290/t is planned to put from May 1 to July 31

The reason is sanctions against Russian economy, and the stagnation of domestic production

Consequences of the aggression against Ukraine for the world gross product in 2022 will be at least -1% down growth, or $1 trillion

Ministry of Infrastructure advices to block transition of goods, people, and provide customs services

There are 15.1 thousands Russian freight cars in the country

Particular risk is the hostilities in the areas where nuclear power plants are located

Ukrainian sea ports have practically suspended cargo operations

Ukraine as the largest exporter of agriproducts could have problems with spring sowing campaign

Wheel axles are also on the list of Russian goods banned from imports into Ukraine

Importing component parts in transit through Ukraine is also banned

The share of Russia in the total consumption of steel within the post-Soviet space reaches 75%