Monday, July 30, 2018

Sanctions and low oil tipped Russia into recession in 2015 and made capital flows decouple from broad EM trends. Growth recovered but capital flows remain depressed, severely limiting the ability of banks to borrow abroad. Less FDI comes from sanction-imposing countries.

IIF Authors

Sergi Lanau

Sergi
Lanau
Deputy Chief Economist
slanau@iif.com

Ondrej Schneider

Ondrej
Schneider
Head of EM Europe Research
+1-202-857-3635
oschneider@iif.com

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