The Comparative Impact of Sanctions on Russia’s Trade with Asia-Pacific Countries: Effects on Key Markets

ERI FEB RAS	Issue's contents	RUS
	Regionalistica 2025 Volume 12 number 6 pages 5-23

Title of the article	The Comparative Impact of Sanctions on Russia’s Trade with Asia-Pacific Countries: Effects on Key Markets
Pages	5-23
Author	Izotov Dmitry Aleksandrovich doctor of economics, leading 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: 0000-0001-9199-6226
Abstract	The purpose of this study was to assess the impact of sanctions on Russia’s trade in industrial and commodity goods with Asia-Pacific and non-Asia-Pacific countries. It is shown that over the past three decades, the share of Asia-Pacific countries in Russia’s foreign trade turnover has increased significantly. By 2024, Asia-Pacific countries accounted for 52,2% of Russia’s commodity exports and 66,3% of its industrial imports. A greater deterrent effect of sanctions on Russia’s trade with non-Asia-Pacific countries compared to Asia-Pacific countries was found. It was determined that, on average, the tariff equivalent of «local» sanctions (2014–2021) was relatively small, amounting to 12 p. p. for Russia’s industrial trade with Asia-Pacific countries, less than zero for commodity trade, and 14 and 7 p. p. for Russia’s trade with non-Asia-Pacific countries, respectively. It was found that the tariff equivalent of large-scale sanctions (2022–2024) was significant for Russia’s industrial trade with sanctioning Asia-Pacific countries, amounting to 80 p. p., while for commodity trade it was 31 p. p. The corresponding figures for trade with non-Asia-Pacific countries were 100 and 82 p. p., respectively. It was shown that the less severe large-scale sanctions imposed by East Asian countries on the Russian economy contributed to maintaining Russia’s commodity exports to sanctioning Asia-Pacific countries.
Code	339.5+338.012+341.655
DOI	10.14530/reg.2025.6.5
Keywords	trade, commodities, industrial goods, sanctions, tariff equivalent, non-Asia-Pacific countries, Asia-Pacific countries, Russia
Download	2025-06.5.pdf
For citation	Izotov D.A. The Comparative Impact of Sanctions on Russia’s Trade with Asia-Pacific Countries: Effects on Key Markets. Regionalistica [Regionalistics]. 2025. Vol. 12. No. 6. Pp. 5–23. http://dx.doi.org/10.14530/reg.2025.6.5 (In Russian)
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