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From Sanctions to Price Surges: The Dynamics of Russia’s Import Prices

Authors: Korhonen, Iikka; Simola, Heli;

From Sanctions to Price Surges: The Dynamics of Russia’s Import Prices

Abstract

We examine impact of economic sanctions on Russian import prices using detailed data on other countries' exports to Russia. We find that unit import prices of goods sanctioned by trading blocs such as the European Union have increased, often drastically, and even when imported to Russia from countries that have not formally imposed sanctions on Russia. For some countries, the unit export prices to Russia for non-sanctioned goods have also risen. These results strongly suggest that trade sanctions have been effective in limiting Russia's access to sanctioned goods.

Related Organizations
Keywords

ddc:330, F14, Sanctions, foreign trade, F12, F51, Russia

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
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