Impact of Western Sanctions on the Russian Economy

Russia has already been hit hard by the sanctions imposed for its aggression against Ukraine. They affect especially the rouble exchange rate and the banking sector. In the longer term, the sanctions will limit Russia's economic development, including by reducing foreign trade and investment. T...

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Bibliographic Details
Published in:Policy File 2022
Main Author: Wnukowski, Damian
Format: Report
Language:English
Subjects:
Conflicts
The Polish Institute of International Affairs
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Summary:Russia has already been hit hard by the sanctions imposed for its aggression against Ukraine. They affect especially the rouble exchange rate and the banking sector. In the longer term, the sanctions will limit Russia's economic development, including by reducing foreign trade and investment. The effectiveness of the restrictions will largely depend on identifying and limiting the possibility of circumventing them.