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| Type | Scientific Publication In Electronic Form |
| Scope | Discipline-based scholarship |
| Title | Reducing the inequality: Cross-sectional effects of financial sanctions on households and firms in Russia |
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| Place of Publication | London |
| Publisher | VoxEU, CEPR Policy Portal |
| Date | 2022 |
| Abstract Text | Financial sanctions can have varying effects on different parts of the economy and population in a targeted country. This column analyses the effects of the sanctions imposed on Russia following the 2014 annexation of Crimea. It shows that that the real total revenue of larger firms declined sharply in the years following the sanctions, whereas the effects on small firms were negligible. It also documents that the real income of richer households declined by several percent, while poorer households enjoy rising real income over the same period. Thus, the sanctions could have had an unintended short-run effect of reducing income inequality. |
| Free access at | Official URL |
| Official URL | https://cepr.org/voxeu/columns/reducing-inequality-cross-sectional-effects-financial-sanctions-households-and-firms |
| Other Identification Number | merlin-id:22956 |
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