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Assessing the Impact of Russia's War against Ukraine on Eastern Partner Countries / Organisation for Economic Co-operation and Development
- Format:
- Book
- Government document
- Author/Creator:
- Organisation for Economic Co-operation and Development.
- Language:
- English
- Subjects (All):
- Finance and Investment.
- Social Issues/Migration/Health.
- Development.
- Trade.
- Armenia.
- Azerbaijan.
- Georgia.
- Moldova, Republic of.
- Ukraine.
- Local Subjects:
- Finance and Investment.
- Social Issues/Migration/Health.
- Development.
- Trade.
- Armenia.
- Azerbaijan.
- Georgia.
- Moldova, Republic of.
- Ukraine.
- Physical Description:
- 1 online resource (82 p. )
- Edition:
- 1st ed.
- Place of Publication:
- Paris : OECD Publishing, 2023.
- Summary:
- Russia's war against Ukraine is causing a humanitarian, social and economic crisis for the Ukrainian people. The consequences of this full-scale military invasion are disrupting the global supply of commodities, sharply increasing food and energy prices, and threating the recovery from the COVID-19 pandemic. Countries with established commercial and financial ties with the economies of Russia and Ukraine appear to be particularly vulnerable. Assessing the Impact of Russia's War against Ukraine on Eastern Partner Countries investigates the exposure of Eastern Partner countries (Armenia, Azerbaijan, Georgia, Republic of Moldova and Ukraine) to the economic shocks caused by the war, and in particular through the impact that the conflict is having on inflation, migration, remittances, investment and trade. This report is published as part of the multi-country project "EU4Business: From Policies to Action - phase 2", implemented in the Eastern Partnership with the financial support of the European Union within the EU4Business initiative.
- Contents:
- Intro
- Foreword
- Acknowledgements
- Table of contents
- Abbreviations and acronyms
- Executive summary
- 1 Introduction
- Overview
- International sanctions against Russia and Belarus
- Russia's response to international sanctions
- 2 Economic shocks triggered by the war
- The impact of sanctions and the contraction of Russia's economy
- The devastation of Ukraine
- The impact of the war on the other EaP countries
- Supply chain disruptions
- Global trading routes
- Russia, Ukraine and Belarus in global supply chains
- Soaring commodity prices
- Energy
- Food
- Exchange-rate movements
- 3 Transmission channels to Eastern Partner countries
- Inflation
- Migration
- Refugees in Moldova
- Russian migration to South Caucasus
- Remittances
- Investment
- Trade
- 4 Focus on the SME sector
- The SME sectors in EaP countries
- The impact of Russia's war on Ukrainian SMEs
- SMEs' exposure to Russia, Ukraine and Belarus
- SME financing
- 5 Policy responses
- Help, protect and integrate refugees
- Shield local populations and businesses from the economic impact of the war
- Maintain open markets and promote diversification
- Seize potential opportunities arising from a changing economic landscape
- Strengthen climate and energy policies
- Bibliography.
- ISBN:
- 92-64-52531-9
- 92-64-59229-6
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