IDEAS home Printed from https://ideas.repec.org/p/cpr/ceprdp/20097.html

The Eurasian Roundabout: Trade Flows into Russia through the Caucasus and Central Asia

Author

Listed:
  • Chupilkin, Maxim
  • Javorcik, Beata
  • Plekhanov, Alexander

Abstract

This paper documents two strategies deployed to work around trade sanctions imposed on Russia after its full-scale invasion of Ukraine in 2022. These include trade intermediated through Armenia, Kazakhstan and the Kyrgyz Republic (CCA3) and a simple, yet little-documented, method whereby goods shipped via the sanctioned economy to the neighbouring countries fail to reach their intended destination. Such flows, recorded as exports in their countries of origin but not recorded as imports by destination countries, amounted to around half of total "additional" exports from the EU and the UK to CCA3 in 2022-23. Although the two strategies offset less than 10 percent of the sanctions’ impact, substitution ratios exceeded 50 percent for numerous products. Despite evasion, sanctions have resulted in a substantial increase in unit values of products exported to Russia either directly or indirectly.

Suggested Citation

  • Chupilkin, Maxim & Javorcik, Beata & Plekhanov, Alexander, 2025. "The Eurasian Roundabout: Trade Flows into Russia through the Caucasus and Central Asia," CEPR Discussion Papers 20097, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:20097
    as

    Download full text from publisher

    File URL: https://cepr.org/publications/DP20097
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cpr:ceprdp:20097. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CEPR (email available below). General contact details of provider: https://cepr.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.