Institute of International Finance November 30, 2023

Global Macro Views: An Update on Trade Diversion around Russia Export Controls

Robin Brooks ·

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About this work

Rising exports to Central Asia accompanied falling direct shipments to Russia after export controls were imposed. Robin Brooks and Jonathan Fortun document these changing trade routes and the enforcement challenges of decentralized goods trade. Their November 2023 analysis explicitly distinguishes unusual trading patterns from evidence of actual export control violations.

Abstract

Rising exports to Central Asia accompanied falling direct shipments to Russia after export controls were imposed. Robin Brooks and Jonathan Fortun document these changing trade routes and the enforcement challenges of decentralized goods trade. Their November 2023 analysis explicitly distinguishes unusual trading patterns from evidence of actual export control violations.

Cite this work

Robin Brooks, Jonathan Fortun (2023). Global Macro Views: An Update on Trade Diversion around Russia Export Controls. Institute of International Finance.