wiiw Forecast Reports

RUSSIA: Resilience to sanctions accompanied by structural change


Vasily Astrov

in: Sailing Through Rough Waters
wiiw Forecast Report No. Spring 2023, April 2023 , pp. 104-108

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After a sharp downturn in Q2 2022, the economy stabilised in the second half of the year and is projected to broadly stagnate in 2023. The overall picture masks the very uneven impact of the war and the sanctions across sectors: while domestic trade and industries that depend heavily on cross-border linkages have suffered, military production and certain import-substituting sectors have flourished. The recently imposed energy sanctions have dealt government revenue a heavy blow and will contribute to budget deficits being much higher in the years ahead.


Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database

Countries covered: Russia