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Russia’s economy after a year of war and sanctions
(01.03.2023)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
Russia’s brutal war in Ukraine has already lasted a year. In response to an unprovoked invasion, a coalition of countries led by the European Union and the United States imposed extensive economic sanctions on Russia. Key ...
A year of war has changed the Russian economy
(27.03.2023)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
In March 2022, after its illegal and brutal invasion of Ukraine, Russia was hit by a triple whammy: a financial shock, a trade shock and an uncertainty shock. Skillful actions by the central bank, hefty export revenues and ...