- In the previous part of the research (dated 22.04.2022) it was forecasted that taking into account the introduction of the 3rd, 4th, 5th packages of sanctions and internal restrictions, the volume of Russian exports would increase by 13% in 2022 compared to the 2021 level. After the introduction of the 6th and 7th packages of sanctions, exports are expected to decrease by 4% to 471.5 bln rubles. The total losses are estimated at $139.6 bln.
- Russian exports will be most affected by the EU's external sanctions of the 6th package, which are expected to reduce Russia's exports by $73.2 bln in 2022, while there has been an expansion in the number of countries joining the imposition of sanctions:
- The sanctions contained in the 6th package are aimed at banning imports from Russia of goods in the ‘fossil fuels’ category ($73.7bn) and expanding the list of goods under the 5th package of sanctions in the ‘food’ category ($0.2bn)
- The sanctions contained in the 7th package are aimed at banning imports from the Russian Federation of goods in the ‘precious metals and stones’ category ($9.7 bдn), with gold accounting for 99.9% of the total.
- Under the 6th and 7th packages, the Russian Federation is most dependent on supplies to the EU of oil and oil products from bituminous rocks, while the EU is most dependent on supplies from the Russian Federation of residues from starch production
— Switzerland has joined the EU sanctions: the country supported the 6th and 7th packages; Russia's exports are projected to decline by $0.9 bln in 2022.
— G7 countries adopted an embargo on Russian gold exports. The largest losses are expected due to the cessation of trade with the UK in the amount of $9.3 bln.
June, 2026
Russia’s place in the global economy: economic growth, scale, and the contours of economic policy
This paper offers possible answers to three fundamental questions: whether Russia needs economic growth as a strategic objective, what rate of growth is required to maintain its position in the world economy, and what kind of economic policy can make such growth achievable.
May, 2026
Development of Data Centers as a challenge for the energy sectors of BRICS+ countries
The research examines how ready the energy systems of BRICS+ countries are to handle the growing loads from data centers (DCs). It focuses on the development of artificial intelligence, cryptocurrencies, and other technologies that require ever-increasing amounts of electricity: whether the energy infrastructure keeps pace with this growth and what challenges it creates for the countries in the alliance.
