OREANDA-NEWS   Due to sanctions, the losses of 20 key Russian sectors of non-primary non-energy exports will amount to $25.7 billion in 2022. The indicator will decrease by 19 percent relative to the volumes of 2021, writes RBC with reference to the presentation of "Trust Technologies" (formerly PwC in Russia).

About 80 percent of direct losses are accounted for by exports to EU countries, 11 percent — to Ukraine, 10 percent — for supplies to the UK. The presentation notes that exports of the main non-primary industries are planned to be redirected to other markets by 2030.

It is expected that a significant part of the lost revenue will be replaced by supplies to the CIS countries, the Middle East (Turkey and Iran). They are going to redirect flows for individual goods to Asian and Latin American countries. Experts note that in order to restore supplies, it is necessary to develop transport and logistics infrastructure, create a new mechanism for business settlements, as well as assistance from the authorities in entering new export markets.

The export of steel and iron ore by Russian metallurgical companies in most cases brings them losses due to too strong ruble. This conclusion was previously reached by the experts of BCS Global Markets (BCS GM).