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Russian Foreign Trade in 2021

Author

Listed:
  • Volovik Nadezhda

    (Gaidar Institute for Economic Policy)

Abstract

In 2021, the global economy recovered from the COVID-19 pandemic outbreak of 2020. However, the pandemic continued to be a serious problem throughout 2021, especially with the emergence of new strains such as Delta in Q2 2021 and Omicron in Q4 2021. Vaccination has proven effective in mitigating the adverse effects of coronavirus on human health. However, unequal access to vaccines and the higher invasiveness of new strains have left many people still vulnerable to the virus, which fuels the pandemic and puts pressure on the sustainability of the global economic recovery. In addition, its recovery has been held back by persistent disruptions in supply chains and pressure from rising tradable commodity prices.

Suggested Citation

  • Volovik Nadezhda, 2022. "Russian Foreign Trade in 2021," Published Papers ppaper-2022-1201, Gaidar Institute for Economic Policy, revised 2022.
    • Handle: RePEc:gai:ppaper:ppaper-2022-1201
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    File URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2022-1201.pdf
    File Function: Revised Version, 2022
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    More about this item

    Keywords

    Russian economy; foreign trade; terms of trade; regional pattern;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F19 - International Economics - - Trade - - - Other

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