Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/333422 
Year of Publication: 
2025
Series/Report no.: 
BOFIT Discussion Papers No. 8/2025
Publisher: 
Bank of Finland, Bank of Finland Institute for Emerging Economies (BOFIT), Helsinki
Abstract: 
We examine impact of economic sanctions on Russian import prices using detailed data on other countries' exports to Russia. We find that unit import prices of goods sanctioned by trading blocs such as the European Union have increased, often drastically, and even when imported to Russia from countries that have not formally imposed sanctions on Russia. For some countries, the unit export prices to Russia for non-sanctioned goods have also risen. These results strongly suggest that trade sanctions have been effective in limiting Russia's access to sanctioned goods.
Subjects: 
Sanctions
foreign trade
Russia
JEL: 
F12
F14
F51
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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