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Bank of Italy: strong impact of sanctions on the Russian economy

2022-10-21T13:07:11.084Z


The sanctions and the war are causing "a strong negative impact on the Russian economy, with modest consequences for the supplier countries, given Russia's low weight in their total exports of goods". (HANDLE)


(ANSA) - ROME, OCTOBER 21 - The sanctions and the war are causing "a strong negative impact on the Russian economy, in the face of modest consequences for the supplier countries, given the reduced weight of Russia in their total exports of goods".

The Bank of Italy writes it in the economic bulletin according to which the Russian sectors of electronics, mechanics and cars are particularly affected. "The contraction of Russian imports of goods in these sectors, which represent about half of purchases from abroad, not only damages economy of the country in the short term, but reduces its growth potential in the medium and long term ".

(HANDLE).


Source: ansa

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