Growth in Caucasus and Central Asia (CCA) will over 2024-2025 continue to draw on expanded trade with Russia that fills market gaps left by Western sanctions and other restrictions, according to an Oxford Economics research briefing. “There are several channels by which sanctions and other restrictions imposed on Russia have increased trade flows between it and the CCA region and imports from the EU to the CCA,” notes the analysis, released on June 17 by emerging markets economist Tatiana Orlova. “These mostly reflect,” the assessment adds, “a re-routing of trade flows to circumvent EU restric…
