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Russian Foreign Trade in 2021

Nadezhda Volovik

Published Papers from Gaidar Institute for Economic Policy

Abstract: In 2021, the global economy recovered from the COVID-19 pandemic outbreak of 2020. However, the pandemic continued to be a serious problem throughout 2021, especially with the emergence of new strains such as Delta in Q2 2021 and Omicron in Q4 2021. Vaccination has proven effective in mitigating the adverse effects of coronavirus on human health. However, unequal access to vaccines and the higher invasiveness of new strains have left many people still vulnerable to the virus, which fuels the pandemic and puts pressure on the sustainability of the global economic recovery. In addition, its recovery has been held back by persistent disruptions in supply chains and pressure from rising tradable commodity prices.

Keywords: Russian economy; foreign trade; terms of trade; regional pattern (search for similar items in EconPapers)
JEL-codes: F10 F13 F19 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2022, Revised 2022
New Economics Papers: this item is included in nep-cis and nep-int
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Downloads: (external link) Revised Version, 2022 (application/pdf)

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Page updated 2022-10-02
Handle: RePEc:gai:ppaper:ppaper-2022-1201