Exports on Nord Stream 1 declined to 1.4 Bcf/d in July, only 20% of its design capacity of 5.6 Bcf/d. Amazon Web Services has stopped accepting new customers for its cloud computing services. U.S. goods exports to Russia in 2018 were $5.8 billion, down 13.1% ($874 million) from 2018 but up 8.5% from 2009.. Netflix suspended its service and halted future projects in the country. Mastercard will prevent cards issued by Russian banks from working in other countries and block people with cards issued elsewhere from purchasing goods and services from companies in Russia. UPS announced that it would halt delivery service to Russia. Sony said it was suspending operations in Russia. The company said it had already halted sales in Russia and Belarus. This section shows exports, imports and economic complexity data at the subnational level for Russia. Russias 5 biggest imports by dollar value are smartphones, automobile parts or accessories, medications, cars and computers.. Based on the average exchange rate for 2021, the Russian ruble has depreciated by -26.2% against the US dollar since 2017 and declined by The latest from Ukraine as a US-based thinktank says mobilisation may not be over in Russia, as Vladimir Putin has claimed; the MoD says troops are being sent to fight with "minimal or no training". JPMorgan Chase said that the bank would wind down is business in Russia and could lose $1 billion over time because of its exposure. Exxon Mobil said it would end its involvement in a large oil and natural gas project. But Russia now expects its coal exports to decline in coming years due to the Western sanctions over the Ukraine conflict, and U.S., European Union and British embargos on Russian coal imports. Russias natural gas exports to the EU and the UK averaged 16.0 Bcf/d in 2019, 12.4 Bcf/d in 2020, and 10.9 Bcf/d in 2021. Asset freezes mean that all accounts belonging to the listed persons and entities in EU banks are frozen. Unilever, which owns brands like Dove and Sunsilk, suspended imports and exports. The Big Four accounting firms Deloitte, EY, KPMG and PwC are pulling out of the country. Pipeline flows from Russia into Slovakia averaged 1.8 Bcf/d so far in 2022, compared with the previous five-year average of 4.2 Bcf/d for the same period. The top import categories (2-digit HS) in 2019 were: mineral fuels ($13 billion), precious metal and stone (platinum) ($2.2 billion), iron and steel ($1.4 billion), fertilizers ($963 million), and inorganic chemicals ($763 million). In November, the latest month for which official monthly oil statistics are available, OECD Europe imported a total of 4.5 mb/d of oil from Russia (34% of its total imports), of which 3.1 mb/d was crude oil and feedstocks and 1.3 mb/d oil products. In March, Russia imposed an export ban on more than 200 products including telecoms, medical, vehicle, agricultural, and electrical equipment, This decrease is again likely linked to export bans on dual-use goods and luxury goods. Boeing said it had stopped buying titanium from Russia, a key source of the metal for the aerospace industry. Russia: 17,825: 10,795 : 1995-2022: Senegal : 2006-2019: Serbia : 2008-2008: Serbia (Excludes Kosovo) 2010-2014: Singapore: 555: 463: all other products are reported by the PAD District of entry. Your life online: How is the EU making it easier and safer for you? Even the gold reserves stored in Russia now appear to be more difficult to sell due to international sanctions affecting Russian entities. Purchases increased from both non-CIS (40.6 percent) and CIS countries (36.3 percent). Exploration and reserves, storage, imports and exports, production, prices, sales. Trade is measured through both exports and imports of goods and services. An alliance led by IBM Research has produced the semiconductor industry's first 7nm (nanometer) node test chips with functional transistors, https://cdnn1.img.sputniknews.com/img/102441/56/1024415695_150:0:2851:2026_1920x0_80_0_0_e271e4d69ae1758190bce14b61a0ee0e.jpg.webp, US Efforts to Curb Semiconductor Tech Exports to China are 'Nonsense', Pundit Says. Totals may not equal sum of components due to independent rounding. Uranium fuel, nuclear reactors, generation, spent fuel. The latest from Ukraine as a US-based thinktank says mobilisation may not be over in Russia, as Vladimir Putin has claimed; the MoD says troops are being sent to fight with "minimal or no training". In mid-2021, Russia began to limit its natural gas exports to Europe to long-term contracted volumes only and ended spot-market sales. Boston Consulting Group will not take on any new clients in Russia and has started to wind down work where possible and will not take on any new work, it said. This page includes a chart with historical data for Russia Exports of Natural Gas. How is the Russian banking system impacted by the sanctions? Leading services imports from Russia to the U.S. were in the transportation, travel, and financial services sectors. As with imports, when looking at the detailed commodity types exported to Russia, the majority of the top 25 by value had decreased, with many decreasing by 90 to100% (Figure 6). Imports from the Netherlands, Spain, Italy and India all increased in June 2022 compared with February 2022 and show growth in Quarter 2 (Apr to June) 2022 over Quarter 1 (Jan to Mar) 2022. Estonia (16%), Bulgaria (10%), Austria (5%) and Latvia (1%) also increased the exports of goods to Russia year-on-year. In mid-July 2022, exports declined to 1.2 billion cubic feet per day (Bcf/d), the lowest level in nearly 40 years. Danone said it had begun to transfer control of its dairy business in Russia, which accounts for 5 percent of the French companys sales, in a move it described as the best option to ensure long-term local business continuity, for its employees, consumers and partners. The disposal would result in a write-off of up to 1 billion euros, Danone said. Imports of goods from Russia totalled 33 million in June 2022, the lowest level since records began in January 1997. UK trade in goods, year in review: 2021 Article | Released 1 March 2022 An analysis of UK trade in goods in 2021 in the context of the ongoing coronavirus (COVID-19) pandemic and the end of the EU transition period on 31 December 2020. Now, in what the company described as a winding down process, the company will reopen stores for a brief period to sell the leftover inventory before exiting the country altogether. Zurich Insurance Group, Switzerlands largest insurer, said that it had sold its Russian unit to members of its team in the country, who would operate the business independently under a new name and branding. Purchases increased from both non-CIS (40.6 percent) and CIS countries (36.3 percent). Carlsberg, the worlds third-largest brewer, said it had halted investments and would stop selling its flagship beer brand in Russia before eventually announcing a full divestment from the country, resulting in a charge of $1.4 billion. Russias Top 10 Exports. Also shown is the percentage share each export category represents in terms of overall exports from Russia. SWIFT connects more than 11 000 entities worldwide. 2. Socit Gnrale, Frances third largest bank, said it would sell its controlling stake in Rosbank, a Moscow-based lender, resulting in a hit of 3.1 billion euros ($3.3 billion). You can explore the full data, which break down UK trade in goods with 234 countries by 125 commodities, using our interactive tools. Leading services exports from the U.S. to Russia were in the financial services, travel, and intellectual property (trademarks) sectors. The U.S leads the league table of refined and crude petroleum trade in exports at 15% of market share with Russia 2nd in the table with 11% of the export market.. Exports on Nord Stream 1 declined to 1.4 Bcf/d in July, only 20% of its design capacity of 5.6 Bcf/d. Sales advanced to both non-CIS (76.9 percent) and CIS countries (41.3 percent). Several global brands and major companies from sectors ranging from technology to automotive and energy suspended their In November, the latest month for which official monthly oil statistics are available, OECD Europe imported a total of 4.5 mb/d of oil from Russia (34% of its total imports), of which 3.1 mb/d was crude oil and feedstocks and 1.3 mb/d oil products. Please note that a notice clarifying differences between country of dispatch and country of origin has been added to Section 1. The United States is committed to enhancing its methods of control over the supply of semiconductors to Russia to limit its ability to carry offensive operations and will keep supporting Ukraine, that statement added. Anyone can operate, buy, transport, ensure food and fertilisers coming out of Russia. Bloomberg suspended operations in Russia and Belarus, cutting off the countries from all Bloomberg products, including its electronic trading platforms. There is no information on the distribution of Russia FDI in the U.S. The latest from Ukraine as a US-based thinktank says mobilisation may not be over in Russia, as Vladimir Putin has claimed; the MoD says troops are being sent to fight with "minimal or no training". 2. Cogent, which provides so-called backbone internet services, cut off access. See the below summaries of the most produced commodities in the US. The UK imported more iron and steel in June 2022, than in February 2022, suggesting that the UK has switched its import sources from Russia to other countries. Exports rose 5.7% over a year earlier to $322.8 billion, down from August's 7% growth, official data showed Monday. Maps, tools, and resources related to energy disruptions and infrastructure. Unspecified goods cover a range of commodities including parcel post and coins, but more significantly precious metals and non-monetary gold (NMG), which is typically held as a store of wealth. Russia's invasion of Ukraine in 2022 sent the price of oil soaring to over $110 per barrel. Subscribe to feeds for updates on EIA products including Today in Energy and What's New. As is the case with imports from Russia, the main driver of the decline in exports to Russia is likely to be the sanctions that the UK Government has applied on export to Russia, with more than 60% of goods exports under some level of restrictions. U.S. Volvo said it was setting aside about $423 million to make up for losses it anticipated in the first quarter because of Russian exposure. Food security and affordability are a key priority for the EU and its member states. The ban was also imposed by other countries (such as the US, Canada and the UK) which also store a share of Russias foreign reserves. Ericsson said it would suspend its business in Russia indefinitely and place its employees in the country on paid leave. YouTube said it would globally block all channels associated with Russian state-funded media, including RT and Sputnik, citing a violation of its policy of denying, minimizing or trivializing well-documented violent events. The company also said it would remove others videos about Russias invasion of Ukraine that violate the policy. Russias President, Vladimir Putin Russias Minister for Foreign Affairs, Sergey Lavrov pro-Russian former President of Ukraine, Viktor Yanukovych oligarchs linked to the Kremlin, such as Roman Abramovich; 351 members of the Russian State Duma (the lower house of parliament) who voted in favour of the recognition of Donetsk and Luhansk on 15 February 2022 Michelin, the French tire manufacturer, said it would transfer its operations in Russia to a local owner by the end of 2022, saying it was technically impossible to resume production, due in particular to supply issues, amid a context of general uncertainty. The announcement came months after it had suspended manufacturing in Russia, where it employs about 1,000 people and generates 2 percent of company sales. Under pressure from investors and consumers, many Western companies have started to unwind their investments, close stores and pause sales in Russia. The company had said in March that it was temporarily closing its nearly 850 locations and halting operations in Russia. Imports of mechanical power generators (intermediate) increased by 5.5 million (57.8%) and mechanical machinery (intermediate) increased by 4.9 million (48.3%). This is a decrease of 499 million (100%) compared with the monthly average for the 12 months to February 2022. And some that have begun the process of withdrawing from Russia have revealed the financial cost to their businesses. The data showed that in July, Croatia's exports to Russia amounted to 18.4 million euros ($18.1 million), and Slovenia's supply was estimated at 98 million euros, which is 59% and 56% higher than last year's figures, respectively. This has prompted importers to seek alternatives and there have been increases in imports of refined oil from Saudi Arabia, the Netherlands, Belgium and Kuwait in recent months; partially compensating for reduced imports from Russia. Russia's invasion of Ukraine in late February dramatically worsened the outlook for already inflated global food prices. As a result, these banks can neither get foreign currency (as a transfer of foreign currencies between two banks is generally processed as a transfer abroad involving a foreign intermediary bank) nor transfer assets abroad. 2020 Per Capita Product Exports | Imports: $2.71k | $2.18k, 78 of 219 | 106 of 219. "Russias industry is on life-support," the statement said, noting that Russia is turning to chips meant for refrigerators and dishwashing machines to keep up military production. Russias natural gas deliveries into Poland and neighboring countries via Belarus averaged 0.9 Bcf/d from January 2021 through April 2022, declining to 0.2 Bcf/d since then. Moreover, the EU, in collaboration with other like-minded partners, has adopted a statement reserving the right to stop treating Russia as a most-favoured-nation within the WTO framework. Wheat are a part of Cereals.They include Wheat except durum wheat, and meslin and Durum 2019 Service Russia, Turkmenistan, and Uzbekistan by land. Trade in services with Russia (exports and imports) totaled an estimated $6.9 billion in 2019. The most significant decline in Russias exports has been into Germany via the Nord Stream 1 pipeline. Tata Steel, the India-based steel giant, said it would stop doing business with Russia and would source alternative supplies of raw materials to end its dependence on the country. Fast Retailing, the Japanese company that operates Uniqlo, is among the many companies that have suspended operations in Russia. Little Caesars is suspending all operations at Russian stores, which are owned by franchisees. Click any of the Federal District in the geomap to visit the specific subnational profile. The list of banned products is designed to maximise the negative impact of the sanctions for the Russian economy while limiting the consequences for EU businesses and citizens. Imports of all commodities from Russia had decreased notably by June 2022, with the largest decreases seen in imports of fuels, unspecified goods and material manufactures (Figure 2). The aim is to limit access to cash in euro by the Russian government, its Central Bank and natural or legal persons in Russia with a view to preventing the circumvention of sanctions. Western Union said it would suspend its operations in Russia and Belarus. Strict capital controls and trade imbalances supported the currency as Moscows increasing isolation from the international community hit Russias economy. The U.S Energy Information Find COVID-19 Vaccines Near You: Vaccines.gov (English) Vacunas.gov (Spanish)Text your zip code to 438829 (GETVAX) in English or 822862 (VACUNA) in Spanish. We will use this data to improve your experience on our website. A temporary exception is foreseen for imports of crude oil by pipeline into those EU member states that, due to their geographic situation, suffer from a specific dependence on Russian supplies and have no viable alternative options. British American Tobacco said its was exiting its Russian business. On 15 March 2022, the UK Government announced that certain goods would be subject to an additional 35% import tariff, which would be applied in addition to existing tariffs from 25 March 2022; these include iron, steel, copper, aluminium, lead, wood, cement and tyres among others. Most of the oil and related products the US imports come from Canada, which supplies more than 51%. The halt in Ukrainian exports following the outbreak of the conflict pushed the Food and Agriculture Organization's (FAO) food price index, which tracks international prices of the most globally traded food commodities, to its highest point in March This sanction aims to restrict Russian industrys capacity to acquire key goods and to disrupt road trade both to and from Russia. In March it suspended exports of cars from Russia and imports of vehicles into the country. Trade in Wheat represent 0.31% of total world trade.. The top territories of Russia according to its Economic Complexity Index are NIZHNY NOVGOROD REGION (0.24), TVER REGION (0.21), and ULYANOVSK REGION (0.2). Also shown is the percentage share each export category represents in terms of overall exports from Russia. Goldman Sachs said it was winding down its business in Russia in compliance with regulatory and licensing requirements. It was the first big American bank to exit the country. Energy BP said it would sell its nearly 20 percent stake in Rosneft, the Russian state-controlled oil company. Imports. The following export product groups represent the highest dollar value in Russian global shipments during 2021. The trade balance is the difference between exports and imports or exports minus imports. This ensures that their money can no longer be used to support the Russian regime nor can they try to find a safe haven in the EU. The restrictions on the other three entities have been in place as of 4 June 2022. American Airlines joined other commercial carriers in suspending travel to Russia. This is a decrease of 96.6% compared with the average monthly imports in the 12 months to February 2022. The increases in these commodities are small in value terms and have likely been driven by increased prices and the additional import duties. Sales of services in Russia by majority U.S.-owned affiliates were $9.7 billion in 2017 (latest data available), while sales of services in the United States by majority Russia-owned firms were $629 million. This means any person or entity within the EU, any EU national in any location, and all companies and organisations incorporated under the law of an EU member state. "Since the imposition of our controls, Russias semiconductor imports, the lifeblood of Russias weaponry, have dropped by nearly 70% compared to the same time period last year," the Commerce Department said in a statement.As a result of the controls targeting Russias imports of semiconductors, the country's production of hypersonic ballistic missiles has been Miscellaneous manufactures includes goods such as clothing, footwear, jewellery and works of art, which has been affected by the export ban on luxury goods. Users should be aware of this when comparing values from this article with other UK trade releases. Exports of Natural Gas in Russia increased to 64290 USD Million in 2011 from 47739.30 USD Million in 2010. Russia as is the Russian oil industry on European imports. Starbucks said it was closing its 130 stores in Russia, where it has about 2,000 employees. The U.S. goods trade deficit with Russia was $16.5 billion in 2019. In a two-sentence release that did not mention Ukraine, the Seoul-based maker of televisions and appliances said it was deeply concerned for the health and safety of all people and would continue to keep a close watch on the situation as it unfolds.. LG Electronics said it was suspending shipments of its products to Russia. Crude oil, gasoline, heating oil, diesel, propane, and other liquids including biofuels and natural gas liquids. The interactive charts in Section 4 denote country boundaries in accordance with statistical classifications set out within Appendix 4 of the Balance of Payments (BoP) Vademecum (PDF, 1.1MB) and does not represent the UK policy on disputed territories. Financial market analysis and financial data for major energy companies. Leading categories include: snack foods ($8 million), tree nuts ($6 million), other vegetable oils ($3 million), essential oils ($3 million), and other dairy products ($2 million). We would like to use cookies to collect information about how you use ons.gov.uk. Imports gained 0.3% to $238 billion, recovering from the previous month's 0.2% contraction. "Since the imposition of our controls, Russias semiconductor imports, the lifeblood of Russias weaponry, have dropped by nearly 70% compared to the same time period last year," the Commerce Department said in a statement. Most of the oil and related products the US imports come from Canada, which supplies more than 51%.