War in Ukraine: economy and trade

FT CollectionsWar in Ukraine: economy and trade

Ukraine and Russia are both major food exporters but blockades and supply chain issues persist. Western nations have imposed sanctions on Russia, including restrictions on certain goods and price caps on oil

© FT montage

• EU goods worth at least $1bn vanish in Russia ‘ghost trade’

  Western officials believe nation diverted sensitive exports targeted by sanctions

  
• Brussels plans sanctions on Chinese companies aiding Russia’s war machine

  Penalties under review by Brussels likely to raise tensions with Beijing

  
• Russian spy network smuggles sensitive EU tech despite sanctions

  Covert FSB procurement chain acquires goods for war in Ukraine even after operatives were apprehended last year

  
• Deal reached over Ukraine grain imports into EU

  Poland and other member states to lift ban on incoming foodstuffs under Brussels plan for temporary curbs

  
• The unknown Indian company shipping millions of barrels of Russian oil

  Gatik became one of the world’s largest vessel owners in little over a year, transporting crude to India for Rosneft

  
• Western price caps cut into Russian oil revenue

  Study finds three quarters of sales drop can be linked to G7 and EU restrictions

  

More from this Series

• World Bank warns global economy at risk of lost decade of growth

  Fallout from pandemic and war in Ukraine could be exacerbated if financial turmoil sparks recession

  
• Western groups leaving Russia face obligatory donation to Moscow

  Move raises pressure on companies that have not made a complete exit since Ukraine was invaded

  
• Saving Ukraine’s economy: the grain giant fighting for survival

  Nibulon helped turn the country into the ‘breadbasket of the world’. The Russian invasion has brought it to its knees

  
• Russia embraces China’s renminbi in face of western sanctions

  Shift away from using ‘toxic currencies’ for trade and reserves accompanies increase in yuan-denominated bank accounts

  
• Russia to cut oil output in response to price cap by west

  Reduction of 500,000 barrels a day targets ‘countries of the collective west’, says deputy PM

  
• EU agrees price caps on Russian oil products

  Ambassadors to impose a $100-a-barrel cap on diesel and a $45 cap on low-end products

  
• The costs of Russia’s invasion of Ukraine

  FT reporters reflect on how much Ukraine and global markets have changed since Russia’s invasion began one year ago

• Russia’s wartime economy: learning to live without imports

  Rather than provoking a dramatic collapse, international sanctions are causing a steady degradation of the country’s productive capacity

  
• How Russia’s war in Ukraine upended the breadbasket of Europe

  Disruption to Ukraine’s agriculture industry poses a serious threat to global food security