Abstract: Russia’s full-scale invasion of Ukraine has brought one of the largest negative trade shocks in recent history - the trade sanctions against Russia - including an embargo on high-tech imports and equipment, targeted sanctions against prominent firms, an oil embargo, and the exit of large multinational companies. Our project aims to document the output responses to sanctions by Russian companies and the government. Utilising detailed datasets on firm-level customs data, railway shipment data and firm financial accounts, we address the following questions: how much has the total trade in sanctioned products declined? To what extent have these been substituted or new supply chains formed? How did firms’ inputs and outputs react to sanctions? The granular datasets we use allow us to provide the most detailed answers to these questions to date.

for further information contact patrizia.pellizzari@unibocconi.it