The volume of goods being processed in Russian ports has slumped in the wake of its invasion of Ukraine, in some cases significantly, a study by the Kiel Institute for the World Economy has found. The port of St Petersburg - formerly Russia's largest container port and an important hub for trade with Europe -- achieved less than 10 percent of the previous year's volume in October, the German economic research institute reported on November 7. The port of Novorossiysk on the Black Sea recorded a decline in business of about 50 percent. To read the original report, click here.
German Institute Study Finds Trade Volume Through Russian Ports Plummets
The port of St Petersburg achieved less than 10 percent of the previous year's volume of trade in October, (file photo)