Sungbae An, Korea Institute on International Economic Policy: With the economic sanction imposed by the EU in July 2014, the Russian Federation has been diversifying its trade partners into the East/Southeast Asian economies. Figure 1 shows the merchandise trade value of the Russian Federation from 2010 to 2018. While total exports were severely affected by abrupt changes in oil price, it can be clearly seen that both exports and imports declined right after the sanction was imposed. Also, there have been changes in the export and import share by East/Southeast Asian economies. Yearly averages of the export and import share during 2010--13 were 15.2 and 27.5 percent, respectively, and those after the sanction during 2015--18 increased to 21.4 and 33.6 percent, respectively.

With the increasing importance of these regions to Russian trade, the work by Rasoulinezhad, Taghizadeh-Hesary, and Yoshino investigates the trade pattern between the Russian Federation and East/Southeast Asian...

You do not currently have access to this content.