Russia returns to 90s post-Soviet barter trade as Western sanctions bite

Trade sanctions from across the Atlantic have Russia’s foreign commerce considering barter trade for the first time in three ￰0￱ are reportedly swapping wheat and cars with the Chinese for construction materials to circumvent trade channels blocked by the ￰1￱ trade in Russia was common in the 1990s after the Soviet collapse, which caused economic gaps, hikes in inflation and liquidity ￰2￱ has now returned amid unprecedented restrictions imposed on the former USSR capital due to its war with ￰3￱ United States, European Union, and allies have slapped Russia with more than 25,000 sanctions in the last 10 years, specifically over its annexation of ￰4￱ sanctions were added after the country’s full-scale invasion of Ukraine beginning in ￰5￱ to several economists, the laws were meant to cripple Russia’s $2.2 trillion economy, isolate President Vladimir Putin, and weaken Moscow’s ability to finance its military ￰6￱ include cutting Russian banks from the SWIFT global payments system, banning access to Western capital markets and energy ￰7￱ has also piled pressure on India, one of Moscow’s largest oil buyers, by imposing tariffs to New Delhi’s ￰8￱ the weekend, US President Donald Trump said his administration was prepared to renegotiate energy sanctions against Moscow, but only if NATO members also cease Russian oil ￰9￱ ‘head-high’ in the face of economic slowdown President Putin insists that his economy is “resilient” even without oil exports and several other trade restrictions by the West.

“We must continue to find ways to defy sanctions in every possible form,” Putin told business leaders earlier this ￰10￱ reported by Cryptopolitan , data from Russia’s central bank shows the economy slipped into a technical recession in the second quarter of 2025, as inflation erodes household purchasing ￰11￱ trade could be the solution to the gap that financial institutions and exporters have been trying to close after trade pipelines with the EU and America were squeezed. Russia’s Economy Ministry published a 14-page “Guide to Foreign Barter Transactions,” in 2024, talking about how businesses could use it to skirt sanctions. “Foreign trade barter transactions allow the exchange of goods and services with foreign companies without the need for international transactions,” the guide stated, citing “conditions of sanctions restrictions.” China’s Hainan Longpan Oilfield Technology ￰12￱ sought to trade steel and aluminium alloys in August, asking for Russian-made marine ￰13￱ has identified at least eight barter deals in recent months through information from trade sources, customs statements, and company ￰14￱ officials argue it is next to impossible to quantify barter trade because it does not pass through conventional banking ￰15￱ according to analysts, discrepancies between Russia’s official trade statistics count a $7 billion divergence between central bank and customs data in the first half of this ￰16￱ asked of Russia’s trade balance Russia’s foreign trade surplus with the EU and the US fell steeply in the first seven months of ￰17￱ to customs data, the surplus dropped 14% to $77.2 billion compared to a year ￰18￱ during the period fell by $11.5 billion to $232.6 billion, while imports rose by $1.2 billion to $155.4 ￰19￱ January 2022, the United States has imported $24.5 billion worth of Russian goods, despite the sanctions ￰20￱ of Russian fertilizers rose slightly to $1.27 billion in 2024 from $1.14 billion in 2021, while enriched uranium and plutonium shipments from Beijing to the United States totaled $624 million in 2024, only marginally lower than in ￰21￱ exports to America dropped to $878 million in 2024 from $1.59 billion four years ￰22￱ up to Bybit and start trading with $30,050 in welcome gifts