The impact of sanctions on the revenues of Russian companies

Yu. Zaytsev and A. Loshchenkova
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Yu. Zaytsev: Institute for Applied Economic Research, RANEPA, Moscow, Russia
A. Loshchenkova: Institute of International Economics and Finance, Russian Foreign Trade Academy (RFTA), Moscow, Russia

Journal of the New Economic Association, 2024, vol. 63, issue 2, 57-74

Abstract: The purpose of the study was to assess the impact of sanctions on the revenues of Russian companies. The paper provides a brief review of the literature on the issue, an analysis of the statistics of Russian companies that fell under sanctions, as well as an assessment of the impact of sanctions on their revenues. The analysis of the impact of sanctions on the activities of Russian firms was based on firms included in the sanctions lists of unfriendly countries. As of January 2023, the number of sanctioned firms was more than 1.3 thousand. The general conclusion is: inclusion in sanctions lists of unfriendly countries does not have a significant downward effect on the revenue of sanctioned firms compared to firms not included in the sanctions lists. The empirical assessment showed that among various types of sanctions only the financial ones have a significant negative effect. The purpose of the study is to assess the impact of sanctions on the revenues of Russian companies. The work provides a brief review of the literature on the issue under consideration, an analysis of the statistics of Russian companies subject to sanctions, as well as an assessment of the impact of sanctions on their revenues.

Keywords: economic sanctions; revenues of Russian companies; Russian business; foreign trade; Russian Federation (search for similar items in EconPapers)
JEL-codes: F51 L25 L6 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:nea:journl:y:2024:i:63:p:57-74

DOI: 10.31737/22212264_2024_2_57-74

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