Estimated impact of Western sanctions on GDP in Russia 2022, by sector

Published by Statista Research Department, Feb 24, 2024
A potential stop in the West's gas trade with Russia could lead to the latter's GDP loss of almost three percent, according to an estimate from 2022. A ban on imports and exports of crude oil could lead to a decline of 1.2 percent in the Russian GDP.

Estimated change in gross domestic product (GDP) due to potential Western sanctions in Russia in 2022, by target sector*

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Source

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Release date

February 2022

Region

Russia

Survey time period

2022

Supplementary notes

* Based on a simulated total stop of imports and exports in each product group.
The source considered the following group of Western allies: Albania, Australia, Austria, Belgium, Bulgaria, Canada, Croatia, Cyprus, Czechia, Denmark, Germany, Estonia, Finland, France, Georgia, Greece, Hungary, Ireland, Italy, Japan, Latvia, Lithuania, Malta, Montenegro, New Zealand, the Netherlands, Norway, Poland, Portugal, Sweden, Slovakia, Slovenia, Romania, Spain, Ukraine, the United States, and the United Kingdom.

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