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Analyses | | Iwona Wiśniewska, Filip Rudnik

Ban on diamond imports to the EU the twelfth package of sanctions against Russia

On 18 December, the Council of the European Union adopted the twelfth package of sanctions against Russia. It imposes bans on the import of Russian diamonds and liquefied petroleum gas (LPG) and on the export of sensitive goods to third…
Analyses | | Filip Rudnik, Iwona Wiśniewska

The United States steps up its sanctions against Russia

On 2 November 2023, the Office of Foreign Assets Control (OFAC) of the US Department of the Treasury has added another 37 individuals and 200 companies to the Specially Designated Nationals list, mainly from Russia but also from the United…
Analyses | | Iwona Wiśniewska

Russia seeks access to Chinas agricultural market

On 17 October, the Novosibirsk-based Food Export Trade and the state-owned China Chengtong International Ltd signed a 12-year ‘general contract’ to supply China with 70 million tonnes of grain, legumes and oilseeds produced in the Urals,…
OSW Commentary | | Iwona Wiśniewska

War is the top priority Russia is facing increasingly serious budget problems

Public funds became the most important lever of economic activity in the Russian Federation when it invaded Ukraine and due to Western sanctions. According to the Russian finance ministry’s estimates, the total value of budget support for…
OSW Commentary | | Maria Domańska, Iwona Wiśniewska, Piotr Żochowski

Caught in the jaws of the russkiy mir Ukraines occupied regions a year after their annexation

Although Kremlin propaganda has attempted to present the occupied Donetsk, Luhansk, Kherson and Zaporizhzhia oblasts as permanent elements of the Russian Federation (RF), Russia’s policy towards them has been characterised by violence and…
OSW Commentary | | Iwona Wiśniewska

Russia is weaponising food

The Kremlin has made further attempts in recent months to use the food market to intensify pressure on the West, primarily in order to ease the sanctions imposed on the Russian Federation. For example, Moscow is again threatening to pull…
Analyses | | Iwona Wiśniewska

Tightening restrictions the EUs eleventh package of sanctions against Russia

On 23 June, the European Union adopted its eleventh package of sanctions against Russia. It includes the following arrangements and restrictions:
OSW Commentary | | Iwona Wiśniewska

Russia funding the war eases the consequences of sanctions

Preliminary estimates by Rosstat indicate that in Q1 2023 Russia’s GDP decreased by 1.9% y/y, although earlier in its report the Central Bank of the Russian Federation (CBR) estimated the decrease at 2.3%.
Analyses | | Iwona Wiśniewska

The credibility of Russian economic statistics is a growing problem

Analysing Russia’s current economic situation is becoming increasingly difficult. Since the beginning of its invasion of Ukraine, the Kremlin has restricted access to statistical data, including those concerning foreign trade. On 26 April…
Analyses | | Iwona Wiśniewska

The state takes control of Western companies in Russia

On 25 April, President Vladimir Putin signed a decree allowing the authorities in Moscow to establish the temporary administration of assets located in the Russian Federation belonging to individuals and legal entities from countries the…