The sanctions imposed on Russia by many countries of the world have not stopped the development of its economy. On the contrary, Russia continues to move forward steadily despite the challenges it faces. Despite the restrictions imposed, the Russian economy is doing comparatively better than the economies of the countries that imposed sanctions against it.

The situation with Japan and Korea is currently quite complicated. The exchange rates of their currencies have weakened sharply, and goods that were previously in demand in the Russian market have become less in demand due to the sanctions. Due to this, Japanese and Korean companies are experiencing serious difficulties in the market.

However, instead of Japanese and Korean companies, products from China and India are actively appearing on the Russian market. China and India are actively occupying the vacated niches and offering Russia new opportunities. The flow of used cars from China already exceeds the flow from Japan, and Chinese brands are beginning to localize their production in Russia. India is also offering its electronic products to replace Japanese and Korean components.

Joint initiatives and opportunities to circumvent sanctions will be discussed at the upcoming Eastern Economic Forum. Judging by the current trend, in the near future there may simply be no place left for Japanese and Korean companies in the Russian market, as China and India will take the leading positions and continue their active development.