Ukraine: The Latest
Ukraine launches 'largest ever' drone attack on occupied Crimea & Russia's secret trade routes
Aug 25, 2023
A former tank commander and a defense editor discuss Ukraine's largest drone attack on occupied Crimea. They also analyze the aftermath of Yevgeny Prigozhin's apparent death and Russia's secret trade routes evading Western sanctions.
49:07
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Quick takeaways
- Despite sanctions, Russian imports have recovered to pre-war levels through new trade routes, including imports from Turkey, China, and India.
- Trade diversion practices and phantom destinations in Central Asia complicate efforts to enforce sanctions on Russia, highlighting the need to decrease Russia's spending power.
Deep dives
Russian imports recover through new trade routes
Despite sanctions, Russian imports have recovered to pre-war levels, thanks in part to new trade routes. Imports from Turkey, China, and India have surged, while exports from Western countries to key Central Asian nations, such as Kazakhstan and Kyrgyzstan, have also increased significantly. This suggests that goods are being diverted through these countries and ultimately making their way into Russia. The complexity of tracking these trade diversion practices makes it challenging to stop. However, analysts recommend lowering the price cap on Russian oil, which would limit Russia's spending power and further curtail their ability to import goods.
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