Russian Invasion of Ukraine: Effect on Finnish Companies Trading in Goods with Russia
Journal: Doria (University of Helsinki)
Year: 2023

The Russian invasion of Ukraine in February 2022 triggered the imposition of major economic sanctions on Russia and several firms cut their economic ties with the country. We estimate the economic effects of the war on Finnish companies that traded in goods with Russia before the war (treatment group) compared to other firms engaged in international trade in goods (control group). Our main findings can be summarized as follows: 1. The war has had only minor economic effects on the business of fi