Russia’s invasion of Ukraine is having profound impacts on Russia’s economic future. Western sanctions continue to raise both the direct and incidental costs of war. EU import bans are reducing Russian budget revenues. International export bans on dual-use products are limiting Russia’s ability to arm and supply its invasion force. The lack of access to high-tech inputs is eroding Russia’s opportunities for future growth.

» Read more on the website
» Download publication (PDF)

For further information

Senior Advisor Laura Solanko
tel. +358 9 183 2291 / laura.solanko(at)

Head of BOFIT Iikka Korhonen
tel. +358 9 183 2272 / iikka.korhonen(at)