Anti-russian sanctions impact: aftermath of a reduction in foreign trade and production growth in the Russian Federation

Abstract

There are technological, economic, transport links in the production, storage and delivery of goods in the contemporary economy. Therefore, the appearance of a new or an increase in the volume of production of an existing product requires changes in the production of other products, linked with this one through the technological chains. Statistical data and models of input-output balance allow us to trace such chains of connections and calculate the volumes production of different goods. This paper contains the results of a study of intersectoral chains of influence of bans and restrictions imposed on Russian exports. The study shows the reduction in the export of some goods has a negative effect on the output of a number of other goods. The decrease in imports has a similar effect. The author also shows calculations’ results of the growth impact on the output of different goods and services on changes in the scale of other types of goods production and services in the Russian economy.