Template-Type: ReDIF-Paper 1.0
Author-Name: Volovik Nadezhda
Author-Name-First: Nadezhda
Author-Name-Last: Volovik
Author-Workplace-Name: Gaidar Institute for Economic Policy
Title: Russian Foreign Trade in 2021
Abstract: In 2021, the global economy recovered from the COVID-19 pandemic outbreak of 2020. However, the pandemic continued to be a serious problem throughout 2021, especially with the emergence of new strains such as Delta in Q2 2021 and Omicron in Q4 2021. Vaccination has proven effective in mitigating the adverse effects of coronavirus on human health. However, unequal access to vaccines and the higher invasiveness of new strains have left many people still vulnerable to the virus, which fuels the pandemic and puts pressure on the sustainability of the global economic recovery. In addition, its recovery has been held back by persistent disruptions in supply chains and pressure from rising tradable commodity prices.
Classification-JEL: F10, F13, F19
Keywords: Russian economy, foreign trade, terms of trade, regional pattern
Creation-Date: 2022
Revision-Date: 2022
Length: 19 pages
File-URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2022-1201.pdf
File-Format: application/pdf
File-Function: Revised Version, 2022
Handle: RePEc:gai:ppaper:ppaper-2022-1201