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The impact of sanctions on the revenues of Russian companies

Author

Listed:
  • Zaytsev, Yu.

    (Institute for Applied Economic Research, RANEPA, Moscow, Russia)

  • Loshchenkova, A.

    (Institute of International Economics and Finance, Russian Foreign Trade Academy (RFTA), Moscow, Russia)

Abstract

The purpose of the study was to assess the impact of sanctions on the revenues of Russian companies. The paper provides a brief review of the literature on the issue, an analysis of the statistics of Russian companies that fell under sanctions, as well as an assessment of the impact of sanctions on their revenues. The analysis of the impact of sanctions on the activities of Russian firms was based on firms included in the sanctions lists of unfriendly countries. As of January 2023, the number of sanctioned firms was more than 1.3 thousand. The general conclusion is: inclusion in sanctions lists of unfriendly countries does not have a significant downward effect on the revenue of sanctioned firms compared to firms not included in the sanctions lists. The empirical assessment showed that among various types of sanctions only the financial ones have a significant negative effect. The purpose of the study is to assess the impact of sanctions on the revenues of Russian companies. The work provides a brief review of the literature on the issue under consideration, an analysis of the statistics of Russian companies subject to sanctions, as well as an assessment of the impact of sanctions on their revenues.

Suggested Citation

  • Zaytsev, Yu. & Loshchenkova, A., 2024. "The impact of sanctions on the revenues of Russian companies," Journal of the New Economic Association, New Economic Association, vol. 63(2), pages 57-74.
    • Handle: RePEc:nea:journl:y:2024:i:63:p:57-74
    DOI: 10.31737/22212264_2024_2_57-74
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    References listed on IDEAS

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    More about this item

    Keywords

    economic sanctions; revenues of Russian companies; Russian business; foreign trade; Russian Federation;
    All these keywords.

    JEL classification:

    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L6 - Industrial Organization - - Industry Studies: Manufacturing

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