The combined container volumes in and out of the major ports in Russia and Ukraine have dropped close to 28 percent since the US and EU almost two years ago introduced economic sanctions against Russia following the conflict in Ukraine.
This is evident from a review performed by SeaIntel Maritime Analysis of cargo volumes handled by the Russian ports in the Baltic Sea, the Black Sea and in the Far Eastern regions of Russia. The review also shows that the non-Russian ports in the Baltic Sea, similarly impacted by the sanctions, noted growth in the first quarter 2016.
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