òòò½Íø Papers and Proceedings
ISSN 2574-0768 (Print) | ISSN 2574-0776 (Online)
Trade Sanctions against Russia: Stylized Facts
òòò½Íø Papers and Proceedings
vol. 115,
May 2025
(pp. 578–82)
Abstract
Using a novel comprehensive dataset on sanctions imposed on the exports to Russia after 2022, we document four stylized facts. First, these sanctions covered 33 percent of Russia's pre-2022 imports in value. Second, though most of the sanctions were concentrated in a few high-tech product categories, at least as much import within these categories remained unsanctioned. Third, substantial variation exists in the specific sets of banned products across countries despite coordinating efforts. Fourth, most sanctioning countries have already prohibited most of their pre-2022 exports to Russia, limiting their future ability to impose additional trade sanctions.Citation
Egorov, Konstantin, Vasily Korovkin, Alexey Makarin, and Dzhamilya Nigmatulina. 2025. "Trade Sanctions against Russia: Stylized Facts." òòò½Íø Papers and Proceedings 115: 578–82. DOI: 10.1257/pandp.20251085Additional Materials
JEL Classification
- F13 Trade Policy; International Trade Organizations
- F14 Empirical Studies of Trade
- F51 International Conflicts; Negotiations; Sanctions
- P26 Political Economy and Comparative Economic Systems; Property Rights
- P33 Socialist Institutions and Their Transitions: International Trade, Finance, Investment, Relations, and Aid