March 23, 2022
Analysis of international trade sanctions against Russia
The current trade sanctions that the European Union and a number of other countries have imposed on Russia also have economic consequences for these countries themselves. In the medium term, the impact for the Dutch economy is limited, because trade with Russia is small and the Netherlands will trade more with other countries. Within Europe, the Netherlands as a trading country is relatively more affected than many other countries. If the Russian energy supply to Europe stops, the Netherlands will in the short term have to deal with higher import prices for energy, but also for other goods via trade in production chains. This is apparent from the CPB publication 'Analysis of international trade sanctions against Russia'.