Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/253652
Authors: 
Simola, Heli
Year of Publication: 
2022
Series/Report no.: 
BOFIT Policy Brief No. 3/2022
Publisher: 
Bank of Finland, Bank of Finland Institute for Emerging Economies (BOFIT), Helsinki
Abstract: 
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 and eroded the country's economic growth potential. Our analysis suggests that Russia has fairly limited possibilities for import substitution in high-technology sectors. China, which could play a key role as an alternative source for inputs, has seen its share of Russian imports, including high-tech inputs, increase substantially in recent years. The extent to which China is willing to support Russia in the current situation remains unclear, however.
Subjects: 
Russia
trade
sanctions
import substitution
Persistent Identifier of the first edition: 
Document Type: 
Research Report

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