Russian manufacturing under international sanctions

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Since the outbreak of the conflict between Russia and Ukraine, Russia has been subjected to 2,778 sanctions in just two weeks, and the total number of sanctions has reached the highest in the world.


Russia ranks first in terms of total sanctions, followed by Iran (3,616), Syria (2,608), North Korea (2,077), Venezuela (651), Myanmar (510) and Cuba (208).


The country that has sanctioned Russia the most since 2014 is the United States (1,194 times), followed by Canada (908 times), Switzerland (824 times), the European Union (766 times), France (760 times), Australia (633 times), the United Kingdom (271 times) and Japan (176 times).


The country that has sanctioned Russia the most since February 22 this year is Switzerland (568 times), followed by the European Union (518 times), France (512 times), Canada (454 times), Australia (413 times), the United States (243 times) and both the United Kingdom and Japan (35 times).


The figures reflect how European countries, historically wary of sanctions, are now leading the wave of sanctions against Russia, in some ways even surpassing the United States. A case in point: European countries proposed kicking some Russian banks out of SWIFT, the international settlement system, before America did.


Moreover, because of statistical methods and tactics, the actual number of sanctions imposed on Russia may be higher than 5,532.


The total is based on a combined list of sanctions issued by the world's major jurisdictions, which include Australia, Canada, the European Union, France, Japan, Switzerland, the United Kingdom, the United Nations and the United States, but exclude some smaller countries or territories.


Russia's manufacturing activity expanded at its fastest pace since January in August, helped by strong domestic demand in the country that boosted sales.


The S&P Global Purchasing Managers' index for Russia rose to 51.7 in August from 50.3 in July, the fourth straight month above the 50-point line.


Manufacturing output returned to growth in August after six straight months of contraction, which S&P Global said was linked to stronger customer demand and higher inflows of new orders.


August's rise in new sales was the fastest since April 2019, but new export orders fell for a seventh straight month and by the most in three months.


Due to the rapid increase in domestic demand, the source of supply in Russia is very tight, and how to develop the source of supply has become an urgent task due to the restriction of imports. This is a great opportunity for Chinese manufacturing. China and Russia have maintained good cooperation and steady growth in bilateral trade.


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