Russia – ASEAN Relations Under Current Circumstances

ERI FEB RAS	Issue's contents	RUS
	Regionalistica 2024 Volume 11 number 3 pages 30-45

Title of the article	Russia – ASEAN Relations Under Current Circumstances
Pages	30-45
Author	Dyomina Yana Valeryevna candidate of sciences (economics), senior research fellow Economic Research Institute FEB RAS 153, Tikhookeanskaya Street, Khabarovsk, Russia, 680042 This email address is being protected from spambots. You need JavaScript enabled to view it. ORCID: 0000-0001-5208-7273
Abstract	The author analyzes reactions of the Association of Southeast Asian Nations (ASEAN) to the Russian-Ukrainian conflict. The results show that positions of ASEAN member states are poorly correlated with the dynamics of their trade with the Russian Federation. Thus, despite the fact that the political reaction of the Association member states to the Russian-Ukrainian conflict remains mostly neutral, ASEAN’s trade turnover with Russia decreased by 15,4% in 2022 compared to 2021. This was due to the lessening of Russian imports (a sharp decline occurred in Q2 2022). Supplies to Russia decreased from all ASEAN member states, while exports from Russia shrank to Singapore, Thailand and Vietnam. The largest decrease in trade volumes in March 2022 was with Vietnam. In general, the reduction in bilateral trade was not destructive due to Russia’s modest share in ASEAN’s trade turnover (less than 1% on average for 2012–2023). Trade dynamics were largely influenced by US, Japan and EU sanctions against the Russian Federation, which affected payment and insurance transactions, maritime transportation, as well as reputational risks of multinational companies operating in East Asia.
Code	339.5+339.9
DOI	10.14530/reg.2024.3.30
Keywords	export, import, sanctions, Russia, East Asia, ASEAN
Download	2024-03.30.pdf
For citation	Dyomina Ya.V. Russia – ASEAN Relations Under Current Circumstances. Regionalistica [Regionalistics]. 2024. Vol. 11. No. 3. Pp. 30–45. http://dx.doi.org/10.14530/reg.2024.3.30 (In Russian)
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