Russia: export restrictions and mobilisation – more blows to the economy
Russia: export restrictions and mobilisation – more blows to the economy

Author(s): Iwona Wiśniewska
Subject(s): National Economy, Energy and Environmental Studies, Economic policy, Environmental and Energy policy, Government/Political systems, International relations/trade, Peace and Conflict Studies
Published by: OSW Ośrodek Studiów Wschodnich im. Marka Karpia
Keywords: Russia; Russia’s GDP; Economic crisis in Russia; Russian counter-sanctions; gas blackmail against the EU; Coal production; Russian exports of goods and services;
Summary/Abstract: In Q3 2022, the economy of the Russian Federation increasingly suffered negative consequences from the sanctions imposed on Russian exports. A ban on imports of a substantial part of Russian steel and iron into the EU came into force in mid-June, followed by a ban on imports such as cement and wood on 10 July, and a ban on coal imports on 10 August. The mood among business and the public soured further with the military mobilisation announced on 21 September, which also had a negative impact on the domestic outlook. As a result, the Russian budget is coming under increasing strain.

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