Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/271045 
Authors: 
Year of Publication: 
2023
Series/Report no.: 
BOFIT Policy Brief No. 8/2023
Publisher: 
Bank of Finland, Bank of Finland Institute for Emerging Economies (BOFIT), Helsinki
Abstract: 
This policy brief frames the discussion of sanctions imposed on Russia since the invasion of Ukraine in a wider international and historical perspective. We present a brief review of recent literature related to the macroeconomic effects of sanctions in Russia and other countries. Our analysis suggests that the general economic effects of the war and sanctions on Russia are neither unprecedented nor insignificant in comparison to previous sanction episodes. The literature also suggests that while the overall economic effects of sanctions on Russia have been diluted by various factors, they have strongly affected the parts of the Russian economy they target.
Subjects: 
Russia
war
sanctions
trade
FDI
Persistent Identifier of the first edition: 
Document Type: 
Research Report

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