Assessment of Initial Impacts of Western Sanctions against Russia: Effects for Azerbaijani Economy

Repercussions of the western sanctions on the Russian economy increasingly arise that negatively affect the total economic structure. National GDP shrank by 4.3% in the first quarter of the current year. As forecasted by the Russian Central Bank following the exposure to sanctions, a 7 percent reduction in the GDP could be expected in the third quarter. Russian ruble lost its value by 7 percent against the dollar in less than a month which even resulted in an inevitable devaluation in the official exchange rate.


Download file

Department Contact Info

Center for Economic and Social Development

Caspian Plaza, 3rd Block, 14th floor. J.Jabbarli str. 44, Baku, AZ1065, Azerbaijan

(99412) 5943665
info@cesd.az

Mon – Fri 9:00A.M. – 6:00P.M.

Social Info

Home


Click here to learn more about CESD's Rural project.