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Economy of the EAEU Countries under Anti-Russian Sanctions
[Экономика Стран Еаэс В Условиях Антироссийских Санкций]

Author

Listed:
  • Nadezhda P. Volovik

    (Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration)

Abstract

In the World Bank’s spring report, it was expected that most of the Commonwealth of Independent States (CIS) countries with close trade ties with Russia would be hit hard by Russia’s falling economy on the back of the huge number of harsh sanctions imposed on Russia. However, most of the Commonwealth countries demonstrate notable resilience to geopolitical aggravation. Armenia, Kazakhstan and Kyrgyzstan, members of the EAEU, have benefited from a surge in remittances and the number of citizens leaving Russia. Kazakhstan has additional income from oil and gas as a result of higher prices and increased exports. The Belarusian economy, which is under sanctions, showed negative growth.

Suggested Citation

  • Nadezhda P. Volovik, 2022. "Economy of the EAEU Countries under Anti-Russian Sanctions [Экономика Стран Еаэс В Условиях Антироссийских Санкций]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 11, pages 20-27, November.
    • Handle: RePEc:gai:recdev:r2293
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    More about this item

    Keywords

    EAEU countries; CIS; Russia; sanctions;
    All these keywords.

    JEL classification:

    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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