Il Centre for Eastern Studies, un think tank polacco, ha condotto uno studio sull'impatto delle sanzioni occidentali sull'economia di Mosca dal titolo "The consequences of the Western financial sanctions on the Russian economy".
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The Western financial sanctions are an important factor affecting the deteriorating economic situation in Russia. Nevertheless, they are not the deciding factor. They have significantly undermined the opportunities which Russian companies have to attract foreign capital, thus contributing to the deterioration of their financial condition (which is particularly prominent in the case of energy firms subject to sanctions). Therefore, Russian businesses need more support from the state. However, this support is becoming more difficult due to the dramatic fall in oil prices – revenues from oil exports are the main source of budget revenue. As a consequence of the sanctions, capital outflow has accelerated and the influx of foreign investments to Russia has fallen back; this means that it is less likely that Russia will move out of recession and that economic development will occur. Obstructed access to capital may delay, and in some cases even prevent, the implementation of important energy infrastructure projects. One indirect consequence of the Western financial sanctions is Moscow’s increased openness to participation in the Russian upstream sector of foreign investors from other directions than the West (mainly from China and India).