Russia Receives $2.3 Billion in Cash Despite Sanctions

Customs data reveals extensive dollar and euro shipments from countries bypassing US and EU restrictions.

Around $2.3 billion in dollar and euro banknotes have entered Russia since March 2022.
Countries like the UAE and Turkey facilitated these shipments, circumventing sanctions.
The cash inflows highlight ongoing reliance on Western currencies for trade and travel.
Russia labeled the dollar and euro as 'toxic' but still sees significant demand for them.
Sanctions have led to creative financial maneuvers, including cash-for-gold transactions.