IDEAS home Printed from https://ideas.repec.org/p/rnp/wpaper/041802.html
   My bibliography  Save this paper

The Russian Food Embargo, its Impact on Food Imports, and the Role of Third Countries in Violating the Embargo (Re-Export)
[Российское Продуктовое Эмбарго, Его Влияние На Импорт Продовольственных Товаров, И Роль Третьих Стран В Нарушении Эмбарго (Реэкспорт)]

Author

Listed:
  • Firanchuk, Alexander (Фиранчук, Александр)

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

Abstract

The task of this work is to formulate theoretical hypotheses about the factors influencing the probability of re-export occurrence, the provision of descriptive statistics that may be indicative of the existence of such re-exports, and the construction of an econometric model for evaluating the proposed theoretical hypotheses. In addition, the analysis of trade statistics of Russia, the main changes and the most likely cases of illegal re-export of sanctions goods were carried out. To analyze the completeness of the implementation of the embargo, a comparison is made between the EU monthly data on exports and the data of the FCS of Russia on imports. The authors proposed a method for identifying countries involved in re-export activity and an algorithm for identifying specific commodity positions and periods when re-exports were likely. The idea of ??this method is to compare the physical (weight) volumes and prices of EU goods to a third country and the same goods (commodity groups) from that third country to Russia. It was shown that mainly re-exports pass through the territories of Belarus and the Balkan countries (Serbia, Macedonia, Bosnia and Herzegovina), which is consistent with the results using annual trade data, [1]. Also, the distribution of the value of the identified re-exports in time and the price increase, probably caused by it, are presented. Based on these data, the losses of importing firms are estimated as an increase in the price of re-export goods, which is due to the ban on direct supplies.

Suggested Citation

  • Firanchuk, Alexander (Фиранчук, Александр), 2018. "The Russian Food Embargo, its Impact on Food Imports, and the Role of Third Countries in Violating the Embargo (Re-Export) [Российское Продуктовое Эмбарго, Его Влияние На Импорт Продовольственных Т," Working Papers 041802, Russian Presidential Academy of National Economy and Public Administration.
    • Handle: RePEc:rnp:wpaper:041802
    as

    Download full text from publisher

    File URL: ftp://w82.ranepa.ru/rnp/wpaper/041802.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Mary Amiti & Oleg Itskhoki & Jozef Konings, 2012. "Importers, exporters, and exchange rate disconnect," Working Paper Research 238, National Bank of Belgium.
    2. Mary Amiti & Oleg Itskhoki & Jozef Konings, 2014. "Importers, Exporters, and Exchange Rate Disconnect," American Economic Review, American Economic Association, vol. 104(7), pages 1942-1978, July.
    3. Burstein, Ariel & Gopinath, Gita, 2014. "International Prices and Exchange Rates," Handbook of International Economics, in: Gopinath, G. & Helpman, . & Rogoff, K. (ed.), Handbook of International Economics, edition 1, volume 4, chapter 0, pages 391-451, Elsevier.
    4. Alexander M. Danzer & Hulya Ulku, 2011. "Integration, Social Networks and Economic Success of Immigrants: A Case Study of the Turkish Community in Berlin," Kyklos, Wiley Blackwell, vol. 64(3), pages 342-365, August.
    5. Caruso Raul, 2003. "The Impact of International Economic Sanctions on Trade: An Empirical Analysis," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 9(2), pages 1-36, April.
    6. David H. Autor, 2003. "Outsourcing at Will: The Contribution of Unjust Dismissal Doctrine to the Growth of Employment Outsourcing," Journal of Labor Economics, University of Chicago Press, vol. 21(1), pages 1-42, January.
    7. Gary Clyde Hufbauer & Kimberly Ann Elliott & Tess Cyrus & Elizabeth Winston, 1997. "US Economic Sanctions: Their Impact on Trade, Jobs, and Wages," Working Paper Series Working Paper Special (2), Peterson Institute for International Economics.
    8. Scott L. Kastner, 2007. "When Do Conflicting Political Relations Affect International Trade?," Journal of Conflict Resolution, Peace Science Society (International), vol. 51(4), pages 664-688, August.
    9. Durante Fabrizio & Sánchez Juan Fernández & Sempi Carlo, 2018. "A note on bivariate Archimax copulas," Dependence Modeling, De Gruyter, vol. 6(1), pages 178-182, October.
    10. Gary Clyde Hufbauer & Barbara Oegg, 2003. "The Impact of Economic Sanctions on US Trade: Andrew Rose's Gravity Model," Policy Briefs PB03-04, Peterson Institute for International Economics.
    11. Mironova Yuliya, 2007. "Elaboration of crisis early warning system for Kyrgyzstan," EERC Working Paper Series 03-084e, EERC Research Network, Russia and CIS.
    12. David Lektzian & Mark Souva, 2007. "An Institutional Theory of Sanctions Onset and Success," Journal of Conflict Resolution, Peace Science Society (International), vol. 51(6), pages 848-871, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Santiago Bazdresch & Adrian de la Garza & Alejandra Lelo de Larrea, 2018. "How Does the Economy Respond to a Depreciation? Evidence in the Dynamics of Profit Margins, Company Values and Retail Prices of Mexican Public Corporations, 2010-2017," 2018 Meeting Papers 863, Society for Economic Dynamics.
    2. Xiaohua Bao & Hailiang Huang & Larry D Qiu & Xiaozhuo Wang, 2022. "Exchange rate expectations and exports: Firm-level evidence from China," Discussion Papers 2022-07, University of Nottingham, GEP.
    3. Ha, Jongrim & Marc Stocker, M. & Yilmazkuday, Hakan, 2020. "Inflation and exchange rate pass-through," Journal of International Money and Finance, Elsevier, vol. 105(C).
    4. Mary Amiti & Oleg Itskhoki & Jozef Konings, 2022. "Dominant Currencies: How Firms Choose Currency Invoicing and Why it Matters," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 137(3), pages 1435-1493.
    5. Eike Berner & Laura Birg & Dominik Boddin, 2017. "Retailers and Consumers: The Pass-through of Import Price Changes," The World Economy, Wiley Blackwell, vol. 40(7), pages 1314-1344, July.
    6. Raphael Auer & Ariel Burstein & Sarah M. Lein, 2021. "Exchange Rates and Prices: Evidence from the 2015 Swiss Franc Appreciation," American Economic Review, American Economic Association, vol. 111(2), pages 652-686, February.
    7. Miles Parker, 2016. "How exporters set prices: evidence from a large behavioural survey," Reserve Bank of New Zealand Discussion Paper Series DP2016/01, Reserve Bank of New Zealand.
    8. Sebastian Heise, 2019. "Firm-to-Firm Relationships and the Pass-Through of Shocks: Theory and Evidence," Staff Reports 896, Federal Reserve Bank of New York.
    9. Natalie Chen & Wanyu Chung & Dennis Novy, 2022. "Vehicle Currency Pricing and Exchange Rate Pass-Through," Journal of the European Economic Association, European Economic Association, vol. 20(1), pages 312-351.
    10. Devasmita Jena & C. Akash & Prachi Gupta, 2024. "Deflecting economic sanctions: do trade and political alliances matter?," International Economics and Economic Policy, Springer, vol. 21(3), pages 543-567, July.
    11. Matthieu Bussière & Guillaume Gaulier & Walter Steingress, 2020. "Global Trade Flows: Revisiting the Exchange Rate Elasticities," Open Economies Review, Springer, vol. 31(1), pages 25-78, February.
    12. Vanessa Alvariez & Michele Fioretti & Ayumu Ken Kikkawa & Monica Morlacco, 2022. "Two-Sided Market Power in Firm-to-Firm Trade," Working Papers hal-03795736, HAL.
    13. Olivier de Bandt & Tovonony Razafindrabe, 2014. "Does nominal rigidity mislead our perception of the exchange rate pass-through?," EconomiX Working Papers 2014-36, University of Paris Nanterre, EconomiX.
    14. Casas, Camila, 2020. "Industry heterogeneity and exchange rate pass-through," Journal of International Money and Finance, Elsevier, vol. 106(C).
    15. Rodnyansky, A., 2018. "(Un)Competitive Devaluations and Firm Dynamics," Cambridge Working Papers in Economics 1888, Faculty of Economics, University of Cambridge.
    16. Firanchuk, Alexander (Фиранчук, Александр), 2017. "Illegal Re-Export and Analysis of the Effectiveness of the Russian Food Embargo in 2014 [Незаконный Реэкспорт И Анализ Эффективности Российского Продовольственного Эмбарго 2014 Года]," Working Papers 041705, Russian Presidential Academy of National Economy and Public Administration.
    17. Tscheke, Jan, 2016. "Operational Hedging of Exchange Rate Risks," Discussion Papers in Economics 30227, University of Munich, Department of Economics.
    18. Gita Gopinath & Emine Boz & Camila Casas & Federico J. Díez & Pierre-Olivier Gourinchas & Mikkel Plagborg-Møller, 2020. "Dominant Currency Paradigm," American Economic Review, American Economic Association, vol. 110(3), pages 677-719, March.
    19. Pennings, Steven, 2017. "Pass-through of competitors' exchange rates to US import and producer prices," Journal of International Economics, Elsevier, vol. 105(C), pages 41-56.
    20. Altomonte, Carlo & Favoino, Domenico & Morlacco, Monica & Sonno, Tommaso, 2021. "Markups, intangible capital and heterogeneous financial frictions," LSE Research Online Documents on Economics 114280, London School of Economics and Political Science, LSE Library.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rnp:wpaper:041802. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: RANEPA maintainer (email available below). General contact details of provider: https://edirc.repec.org/data/aneeeru.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.