The Effect of Sanctions on Russia’s Natural Resources Revenues after February 2022
When Russia launched its full-scale invasion of Ukraine in 2022, the West imposed a range of sanctions on Russia’s natural-resource exports in an attempt to constrain its ability to wage war. In this talk, Delgerjargal Uvsh will examine the nature of these sanctions and how they have affected Russia’s state budget and the fiscal trade-offs the government has had to make. Her talk will also discuss how sanctions have affected Russia’s state-business relations and economic development, drawing on her previous work on how Russia has historically dealt with declines in oil and gas revenues as well as new data on government revenues and expenditures.
Dr. Delgerjargal Uvsh is an Assistant Professor in the Department of Slavic and Eurasian Studies, with courtesy appointments to the Department of Government and LBJ School of Public Affairs, at the University of Texas at Austin. A native of Mongolia, she conducts research and teaches on when and how positive changes in state-business relations, political regimes, and environmental and economic policies happen in post-Soviet countries. Her current book project, Reversal of the Resource Curse? Negative Revenue Shocks and Economic Development in Russia and Beyond, examines how resource-rich countries deal with negative revenue shocks (declines in their natural resource revenues) and when these shocks lead to improvements in state-business relations in Russia, Central Asia, and Mongolia. In other work, she studies the dynamics of democratic transition and consolidation in Mongolia. Delgerjargal received her Ph.D. from the Department of Political Science at the University of Wisconsin–Madison.
