“Eurasia’s Cross-Border Trade: Overlooked Impacts on Western Sanctions Against Russia”

In recent years, changes in the global trading system, particularly due to increased rivalry between China and the United States, have been widely covered in the news headlines. However, while most attention has been paid to trends such as friend-shoring, near-shoring and reshoring of supply chains, recent changes Eurasia’s cross-border trade has been overlooked in the model, even though it affects the effectiveness of Western sanctions against Russia.

Those sanctions target goods that could “contribute to the growth of Russia’s industrial capacity,” including quantum computing technology, advanced semiconductors, sensitive equipment, transportation-related goods and chemicals. They also cover weapons, goods used in the oil industry and maritime navigation, and luxury goods.