Impact of Western Sanctions on the Russian Economy
Impact of Western Sanctions on the Russian Economy

Author(s): Damian Wnukowski
Subject(s): Politics, Economic policy, International relations/trade, Security and defense, Russian Aggression against Ukraine
Published by: PISM Polski Instytut Spraw Międzynarodowych
Keywords: Russia; West; Economy; Policy; Sanctions;
Summary/Abstract: 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.

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