Economic Consequences of the Ukraine Conflict
Journal: IIASA PURE (International Institute of Applied Systems Analysis)
Year: 2014

The Ukraine conflict is having serious consequences, but it also potentially threatens to damage the still frail economic recovery in Europe. In Ukraine, which is the main victim of the conflict, the economy may decline by up to 8% this year. In Russia, the costs of the conflict are estimated to be in the tune of 1% of GDP in 2014-2016, primarily on account on increased investment risks. The effects on the individual EU countries differ depending on their exposure to the Russian market: the Balt