Trade sanctions and Russian production
Simola, Heli (10.05.2022)
Numero
4/2022Julkaisija
Bank of Finland
2022
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:bof-202205101191Tiivistelmä
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 trade sanctions on Russian production with an input-output framework. We find that the trade sanctions can have substantial negative effects on Russian production when Russia is unable to find alternative markets for imports and exports.
Keywords: Russia, trade, sanctions, input-output
Keywords: Russia, trade, sanctions, input-output
Sisällysluettelo
Abstract ... 3
1. Introduction ... 4
2. Sanctions restricting exports to Russia ... 4
3. Sanctions restricting imports from Russia ... 6
4. Concluding remarks ... 7
References ... 9
1. Introduction ... 4
2. Sanctions restricting exports to Russia ... 4
3. Sanctions restricting imports from Russia ... 6
4. Concluding remarks ... 7
References ... 9