Russia’s GDP increased by 3.6 percent in 2023. And at the fastest pace in 15 years. The Kremlin is constantly looking for ways to make money and maintain the stability of its economy. The United Arab Emirates wants to help Moscow. They are now together with China and Turkey, which continue to do business with Vladimir Putin’s regime. How do they help the Kremlin get out of its slump and circumvent sanctions?
They make a fortune on trade with Russia
There are many countries that helping Russia to avoid sanctions. In many ways. For them, it is a huge financial benefit. Derived from selling goods to the Russian Federation, which is very tired of international sanctions.
For example, China sells cars to Russia, Turkey supplies the Kremlin with food, and Kyrgyzstan and Serbia have become intermediaries. They buy goods from other countries and resell them to Russia. Thanks to this the country’s economy is still saturated with Western goods.
Kyrgyzstan’s imports skyrocketed thanks to the war in Ukraine
Exports of goods from Turkey to Russia have increased so much. It has become the second trading partner of the country ruled by Recep Erdoğan. Kyrgyzstan’s imports since the beginning of the invasion on Ukraine have increased by 72 percent. Kyrgyzstan’s foreign trade turnover by 42 percent.
The United Arab Emirates has joined the countries that, out of a desire to make quick money on Russia’s dry market, have revived economic relations with Russia. The first showroom of the Russian Lada is to open soon in Dubai.
Russia’s GDP remains unchanged
Despite international sanctions imposed on Russia for several years, in 2023 its GDP grew by 3.6 percent at the fastest rate in 15 years, amounting to 20.8 percent. Additionally, Russians’ income increased by 4.6 percent last year.
