20241021 Figure_1

Line graph comparing the actual economic output of Belarus with a counterfactual scenario, illustrating the impact of war and sanctions on the country's economic dependence.

This figure highlights the economic dependence of Belarus, showing a comparison between the actual output and a counterfactual scenario without war and sanctions. The chart emphasizes how sanctions and geopolitical events have affected the country’s economic trajectory, with significant dips in actual performance compared to potential growth.