How sanctions influenced export from Denmark to Russia

According to Denmark’s Statistics Department (“Danmarks Statistik”), in 2014, exports from Denmark to Russia amounted to $1,414.6 million, that is 26.2% less than in 2013 the year when Danish exports amounted to $1,918.0 million. In 2015, the Danish exports to Russia fell by 46.2% compared to 2014 and by 60.3% compared to 2013 and totaled $761.6 million.

Faroe Islands and Greenland, which are integral parts of the Danish Realm, are self-governing countries, that is why they were not included into the list of the countries from which Russia banned importing some kind of agricultural products in August 2014. Hence, since the sanctions were introduced, import from these territories increased, mainly this concerned fish and seafood.

According to the Russian customs statistics, export to Russia from the Faroe Islands in 2015 grew by 60.3% up to $277.2 million. 99.99% of deliveries from the Faroe Islands in the total volume of exported products in 2015 is fish and seafood. Exports to Russia from Greenland in 2015 grew by 136.2% up to $58.8 million, that is 41 times more than in 2013. Almost 100% of products exported from Greenland to Russia is fish and seafood.

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