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International sanctions and export restructuring: How economic integration among BRICS nations drives trade transformation in Russia

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  • Li, Ying
  • Han, Jinhong

Abstract

This paper uses data from the BRICS countries to conduct an empirical analysis and finds that the deepening of cooperation among BRICS economies has effectively promoted Russia’s trade transformation. The improvement in international payment capacity has enhanced Russia’s ability to engage in cross-border transactions and strengthened its economic resilience, playing a positive moderating role in Russia’s export restructuring, with a significant increase in the share of high value-added products in exports. Further research reveals that differences in the diversification of financing channels and the maturity of capital markets among the BRICS countries have led to varying degrees of impact of economic integration on Russia’s trade transformation.

Suggested Citation

  • Li, Ying & Han, Jinhong, 2025. "International sanctions and export restructuring: How economic integration among BRICS nations drives trade transformation in Russia," Finance Research Letters, Elsevier, vol. 85(PB).
    • Handle: RePEc:eee:finlet:v:85:y:2025:i:pb:s1544612325012802
    DOI: 10.1016/j.frl.2025.108022
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    Keywords

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    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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