The West loses $257 billion due to trade restrictions with Russia
Importers from unfriendly countries received less Russian goods in the amount of $256.5 billion, while Russia managed to sell these goods to other states and made a profit of almost $31 billion, Sputnik calculated using open data.
Russia saw export growth compared to the pre-sanctions period, with companies earning an additional $31 billion from trade with friendly countries, data from the Federal Customs Service show. Western importers were mostly undersupplied with Russian minerals ($107 billion), jewelry ($38 billion) and metals ($21 billion).
Russia has repeatedly stressed that it is happy to trade with friendly nations in the wake of Western economic sanctions, warning that these restrictive measures will backfire by fueling inflation and triggering a cost-of-living crisis.
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