The Sanctions on Russia, and Their Impact on the Region
As the war in Ukraine intensifies, the international community continues to respond with new measures. Understanding the economic impact of sanctions on Russia has therefore become critical. On 3 March, the Stockholm Institute of Transition Economics (SITE) and the FREE Network hosted a timely webinar titled “The Sanctions on Russia, and Their Impact on the Region.”
The discussion brought together leading economists and policy experts. They analyzed how Western sanctions are reshaping Russia’s economy, influencing neighboring countries, and altering regional stability.
Expert Panelists
- Torbjörn Becker, Director of SITE
- Larry Samuelson, Professor at Yale and Cowles Foundation
- Lev Lvovsky, Research Fellow at BEROC
- Nataliia Shapoval, Chairman of KSE Institute
- Yaroslava V. Babych, Lead Economist at ISET Policy Institute
- Tamar Sulukhia, Director at ISET – International School of Economics
Together, the panelists explored the financial, trade, and geopolitical consequences of the sanctions. Moreover, they highlighted key challenges faced by Ukraine, Belarus, and Georgia. They also discussed possible long-term outcomes for the European and global economies.
Understanding the Regional Effects
The experts emphasized that sanctions on Russia extend far beyond its borders, affecting energy markets, trade routes, and financial stability in neighboring nations. They also underlined the importance of international solidarity and coordinated policy responses to mitigate regional disruptions.
About the FREE Network and SITE
The FREE Network and SITE continue to provide in-depth analysis on transition economics, sanctions policy, and Eastern European economies, promoting evidence-based dialogue among researchers and policymakers.
Disclaimer: Opinions expressed during events, seminars and conferences are those of the authors; they do not necessarily reflect those of the FREE Network and its research institutes.
