This neat column puts in historical perspective the change in Russia's approach to global economic engagement following the invasion of Ukraine. Worth a read. @SimeonDjankov cepr.org/voxeu/columns/…
Pressure on Western firms to quit Russia is intense. So Niccolo Pisani & I checked how many Western companies finalised sale of 1 or more subs in Russia since conflict broke out. Less than 9% have. Graphic shows our findings. Paper can be obtained here: papers.ssrn.com/sol3/papers.cf…
Since conflict in Ukraine began EU & G7 firms have sold off 8.5% of their subsidiaries in Russia. Graphic shows nationalities of firms that have stayed and those that remain. Further results available in this paper: papers.ssrn.com/sol3/papers.cf…
Right now the G20 is responsible for 59% of import curbs on food & fertiliser, 54% of all export curbs but only 48% of import reforms. G20 summit soon! Could do more 2 lower trade policy uncertainty. DM me 4 the report. @bbaschuk @alanbeattie @IanaDreyer @wsj_douglasj@hospger