The Cost of Sanctions: Impacts on Russian Imports

This research from CEPII examines the economic impact of sanctions on Russia, particularly concerning strategic and dual-use goods. Sanctions do not entirely block access to these items, but they do increase import prices, especially from non-sanctioning countries. The price index of Russian imports saw a notable jump after sanctions were implemented. Strategic goods have experienced a particularly steep increase in transportation and insurance costs. Despite China becoming a major supplier, sanctions have generally made obtaining crucial goods more challenging, costly and of lower quality for Russia.