Exporters likely to ship to Russia via countries not hit by ban


With Moscow's new agricultural import restrictions, neighboring Russian countries are likely to see an increase of trade traffic through their borders.

Sanctions have been imposed on many Western nations as retaliatory measures, but other countries close to Russia, such as Turkey, Belarus and Kazakhstan are still available to trade with Moscow.

The newly created medium may form a "black market" where firms ship to Russia through countries not included in the sanctions, evading the ban on EU produce.

Vladimir Putin has already spoken to his Kazakh and Belarussian counterparts, seeking cooperation against Western foodstuffs, although EU leaders seem unlikely to deter traders who circumvent the embargo via third countries.

ETFs: RSX, TUR, RUSL, RSXJ, ERUS, RUSS, RBL, RUDR

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