Are Italian companies evading sanctions against Russia via Kyrgyzstan?

7 August 20239 months ago babelfish

Since 2022, Italy's trade with Kyrgyzstan has exploded. The country, according to the American authorities, is being exploited by Russia to avoid sanctions. All the details in the tweets of the journalist Luigi De Biase

We will soon need to open an embassy in Bishkek, Kyrgyzstan, because our exports to this small Central Asian country are literally exploding : +178% in 2022, +409% YoY in the first three months of 2023.

KYRGYZSTAN HELPS RUSSIA EVADE SANCTIONS, US SAY

Kyrgyzstan is one of the countries, according to the American authorities, which Russia uses as a bank to avoid economic sanctions. So much so that several companies based in the country ended up on the State Department's blacklists last month.

Read also: Is Central Asia helping Russia evade EU sanctions?

This is the trend of our exports to Kyrgyzstan over the past ten years.

THE CASE OF ARMENIA

The case of Armenia is also interesting, another country allegedly involved in triangulation with Russia. Our exports grew by 80 percent in 2022 and by 100 percent in the first quarter of this year.

According to FT , trade with Russia is the basis of the Armenian economic boom: GDP grew by 13 percent in 2022, double the previous year.

This is the trend of our exports to Armenia over the last ten years.

(The article is taken from the tweets published by Luigi De Biase on his profile)

This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/mondo/italia-commercio-kirghizistan-armenia-russia/ on Mon, 07 Aug 2023 12:19:50 +0000.