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US sanctions are nevertheless causing major difficulties for importers. Even for trade that is technically exempt from sanctions, notably food and medicines, a lack of financial…
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DOI: 10.1108/OXAN-DB241775
ISSN: 2633-304X
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However, although output has grown, a tight labour market and persistent inflation have created new problems. The reorientation of trade away from Europe has resulted in a…
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DOI: 10.1108/OXAN-DB285374
ISSN: 2633-304X
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This turnout was a far milder contraction than the many assessments made at the outset of the invasion of Ukraine of its likely impact on the Russian economy. It prompted a public…
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DOI: 10.1108/OXAN-DB278591
ISSN: 2633-304X
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IRAN: Hardliners will ride out sanctions pressure
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DOI: 10.1108/OXAN-ES239260
ISSN: 2633-304X
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Following the removal of sanctions last month, the government is looking to the return of foreign direct investment to kick-start an economic recovery. However, its ambitions to…
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DOI: 10.1108/OXAN-DB208171
ISSN: 2633-304X
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The outlook for the government is positive. A thaw in relations with the United States and EU, plus sanctions relief, will bring economic benefits and social spending. The slow…
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DOI: 10.1108/OXAN-DB283350
ISSN: 2633-304X
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Pronounced ruble depreciation this year attests to the efficacy of sanctions in disrupting Russia’s external trade. The weaker ruble has already provoked a spike in household…
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DOI: 10.1108/OXAN-DB281176
ISSN: 2633-304X
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IRAN: Oil exports will grow further despite sanctions
In June 2022, Russia booked almost twice the revenue (USD20.4bn) from such exports. Declining oil income poses a serious challenge to the administration of President Vladimir…
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DOI: 10.1108/OXAN-DB280900
ISSN: 2633-304X
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European buyers are rushing to buy crude before EU sanctions take effect. Expectations of a hefty fall in Russian oil exports and output have not materialised, because China and…