Sanctions and counter-sanctions – What are their economic effects in Russia and elsewhere?

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dc.contributor Bank of Finland Korhonen, Iikka 2019-09-13T11:41:53Z 2019-09-13T11:41:53Z 2019
dc.identifier.issn 2342-205X
dc.description.abstract In this note, I review the literature on the economic effects of sanctions against Russia and Russia’s counter-sanctions. As a general observation, studies of the macroeconomic effects of sanctions on Russia and their effects on international trade and financial flows must deal with the nearly concurrent oil price collapse at the introduction of sanctions. Most papers support the view that sanctions have worked as planned, noting the drag they have imposed on Russia’s general economic development since 2014. This adverse effect most likely operates by depressing both foreign trade and foreign capital flows into Russia. Russia’s own counter-sanctions have also had a clear negative effect on the welfare of the average Russian household.
dc.format.extent 14
dc.language.iso ENG
dc.relation.ispartofseries BOFIT Policy Brief
dc.subject Bofit-kokoelma
dc.subject Venäjä
dc.subject.other sanctions
dc.subject.other foreign trade
dc.subject.other capital flows
dc.subject.other oil price
dc.subject.other Russia
dc.title Sanctions and counter-sanctions – What are their economic effects in Russia and elsewhere?
dc.type Paper
dc.identifier.urn URN:NBN:fi:bof-201909131464 BOFIT Policy Brief
dc.series.year 2019
dc.series.number 2/2019
dc.series.sortingnumber 0002 13.9.2019
dc.subject.yso pakotteet
dc.subject.yso ulkomaankauppa
dc.subject.yso pääomanliikkeet
dc.subject.yso öljy
dc.subject.yso hinnat
dc.contributor.orgunit Institute for Economies in Transition (BOFIT)
bof-internal.includedInCRIS 1
dc.type.okm D4

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