Trade sanctions and Russian production

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Titel: Trade sanctions and Russian production
Författare: Simola, Heli
Institution: Bank of Finland
Avdelning / Enhet: Bank of Finland Institute for Emerging Economies (BOFIT)
Serie: BOFIT Policy Brief
Serienumber: 4/2022
Utgivningsår: 2022
Utgivningsdatum: 10.5.2022
Sidor: 11
Subject (yso): ulkomaankauppa; pakotteet; vaikutukset; tuotanto; vienti; tuonti
Nyckelord: Bofit-kokoelma; Venäjä
Andra nyckelord: Russia; trade; sanctions; input-output
Abstrakt: 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
Innehållsförteckning: 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

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