Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/272364 
Year of Publication: 
2022
Series/Report no.: 
EconPol Policy Report No. 36
Publisher: 
CESifo GmbH, Munich
Abstract: 
This article discusses the economic effects of a potential cut-off of the German economy from Russian energy imports. We show that the effects are likely to be substantial but manageable. In the short run, a stop of Russian energy imports would lead to a GDP decline in range between 0.5% and 3% (cf. the GDP decline in 2020 during the pandemic was 4.5%).
Document Type: 
Research Report

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