The economic effects of the EU’s Russia sanctions and Russia’s counter sanctions

On 27th of August Government of Finland had published a report assessing the economic effects of the EU’s Russia sanctions and Russia’s counter sanctions. The Ministry of Finance, the Bank of Finland, the Ministryof Employment and the Economy, the Ministry of Agriculture and Forestry, the Ministryof Transport and Communications, the Ministry for Foreign Affairs, the Prime Minister’sOffice and the Government Institute for Economic Research have participated in the work.

“Although the restrictive measures of the EU and other countries and Russia’s import ban will have significant effects on the outlook of certain companies and sectors, their direct effects on the overall economic activity of Russia and its trading partners will be minor,” said the report.

Please download the report following the link The Economic Effects.