The tenth package of sanctions affects trade with Russia in the amount of 12.7 billion euros. At the same time, exports to Russia account for 11.4 billion euros, and imports from Russia – 1.3 billion euros, the European Commission said.
According to the EC estimates, EU exports to Russia have decreased by almost half compared to 2021, and imports of goods to EU countries have been cut by almost 60%.
According to the report, rare earth metals, additional electronic components used in Russian weapons systems, as well as forklifts, construction cranes, bulldozers, metal and stone processing machines, power generators, transformers, LED lamps, snowmobiles, turbojet engines and etc. Earlier, the United States banned the export of these same goods to Russia.
In addition, Russian paraffin, petroleum coke, natural bitumen and asphalt, bituminous mixtures, carbon and synthetic rubber fell under EU import restrictions. These goods can be delivered to EU countries until May 27, 2023 under contracts concluded before February 26, except for carbon and synthetic rubber, for which import quotas have been issued until mid-2024.
Most carbon black from Russia is purchased by Poland, Germany and Hungary, synthetic rubber – by Poland, Romania, Hungary, follows from Eurostat data. As reported by Politico, Italy, with its leading tire manufacturer Pirelli (both carbon black and synthetic rubber are most often used in tire production), lobbied for such high import quotas for synthetic rubber from Russia.
Source: Rosbalt
Mario Twitchell is an accomplished author and journalist, known for his insightful and thought-provoking writing on a wide range of topics including general and opinion. He currently works as a writer at 247 news agency, where he has established himself as a respected voice in the industry.
