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Russia's brutal military aggression on Ukraine has led to extensive economic sanctions by Western countries and the withdrawal of many foreign companies from Russian markets. The isolation of Russia from the international community has substantially restricted its access to advanced technologies...
Persistent link: https://www.econbiz.de/10013189172
The EU, US and several other countries have responded with a wide range of new economic sanctions on Russia in response to the military attack on Ukraine. These sanctions include various restrictive measures on trade with Russia. In this brief, we examine the potential short-term effects of...
Persistent link: https://www.econbiz.de/10013190818
This brief examines the development of Russia's trade flows in the March-June period following Russia's invasion of Ukraine. Russia ceased publication of foreign trade statistics after the war broke out, so we utilize the trade statistics of Russia's major trading partners. We find that Russia's...
Persistent link: https://www.econbiz.de/10013365224
We examine Russian imports since a coalition of countries imposed sanctions on exports to Russia. As Russia no longer publishes detailed statistics on foreign trade, we rely on export data from its largest trading partners (mirror statistics). We are particularly interested in trade diversion,...
Persistent link: https://www.econbiz.de/10014478294
We construct a proxy for Russia's war-related output to evaluate the macroeconomic importance of war-related branches for Russia since the 2022 invasion of Ukraine. Our results suggest that warrelated branches contributed significantly to Russia's economic recovery after the sharp decline of GDP...
Persistent link: https://www.econbiz.de/10014438796