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Russia’s technology imports from East Asia
(02.11.2022)
BOFIT Policy Brief 6/2022
BOFIT Policy Brief 6/2022
This brief considers the role of East Asian economies in Russia’s technology imports. The EU, US and UK have set strict sanctions and export restrictions on Russia in response to the war in Ukraine, while responses from ...
Russian foreign trade after four months of war in Ukraine
(09.09.2022)
BOFIT Policy Brief 5/2022
BOFIT Policy Brief 5/2022
This brief examines the development of Russia’s trade flows in the March-June period following Russia’s invasion of Ukraine. Russia ceased publication of foreign trade statistics after the war broke out, so we utilize the ...
Trade sanctions and Russian production
(10.05.2022)
BOFIT Policy Brief 4/2022
BOFIT Policy Brief 4/2022
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 ...
Sanctions, counter-sanctions and Russia : Effects on economy, trade and finance
(30.05.2018)
BOFIT Policy Brief 4/2018
BOFIT Policy Brief 4/2018
This note briefly reviews the history and current impacts of sanctions on Russian entities imposed by the EU, US and others, as well as Russia’s counter-sanctions imposed on Western countries. A large drop in price of oil ...
Effects of external shocks on Russian economy
(01.11.2019)
BOFIT Policy Brief 4/2019
BOFIT Policy Brief 4/2019
Russia is integrated with the global economy through trade and financial linkages, making it vulnerable to external shocks. To gain perspective on the importance of various external factors, we present a brief description ...
Can Russia reorient its trade and financial flows?
(05.12.2022)
BOFIT Policy Brief 7/2022
BOFIT Policy Brief 7/2022
Russia’s invasion of Ukraine and resulting sanctions have substantially hurt Russia’s economic relations with developed economies. Countries imposing sanctions on Russia accounted for half of Russia’s foreign trade and ...
Made in Russia? Assessing Russia’s potential for import substitution
(05.05.2022)
BOFIT Policy Brief 3/2022
BOFIT Policy Brief 3/2022
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 ...
Sanctions and counter-sanctions – What are their economic effects in Russia and elsewhere?
(13.09.2019)
BOFIT Policy Brief 2/2019
BOFIT Policy Brief 2/2019
In this note, I review the literature on the economic effects of sanctions against Russia and Russia’s counter-sanctions. As a general observation, studies of the macroeconomic effects of sanctions on Russia and their ...
Venäjän öljy- ja kaasusektori globaalien energiamarkkinoiden murroksessa
(26.03.2021)
BOFIT Policy Brief 6/2021
BOFIT Policy Brief 6/2021
Globaalit energiamarkkinat ovat olleet murroksessa koko 2000-luvun. Viimeisen kahdenkymmenen vuoden aikana energian kysynnän kasvu on siirtynyt voimakkaasti nouseviin talouksiin samalla kun öljyn ja maakaasun tuotantoteknologiat ...
Russia’s oil & gas sector in global energy transition
(25.05.2021)
BOFIT Policy Brief 7/2021
BOFIT Policy Brief 7/2021
The past two decades have witnessed a major transformation of global energy markets. While growth in energy demand now comes from emerging economies, and technologies critical to oil and natural gas production have seen ...